Blue Owl Capital Co. III (NYSE:OBDE) Sees Large Volume Increase – Should You Buy?

Shares of Blue Owl Capital Co. III (NYSE:OBDEGet Free Report) saw an uptick in trading volume on Tuesday . 276,092 shares changed hands during trading, an increase of 167% from the previous session’s volume of 103,239 shares.The stock last traded at $14.32 and had previously closed at $14.61.

Blue Owl Capital Co. III Stock Down 2.0 %

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $1.77 billion and a PE ratio of 6.39. The stock’s fifty day simple moving average is $14.47 and its 200-day simple moving average is $14.94.

Blue Owl Capital Co. III (NYSE:OBDEGet Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $123.18 million during the quarter, compared to analyst estimates of $119.08 million. Blue Owl Capital Co. III had a return on equity of 12.53% and a net margin of 54.40%. As a group, sell-side analysts forecast that Blue Owl Capital Co. III will post 1.61 EPS for the current fiscal year.

Blue Owl Capital Co. III Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 9.78%. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is presently 61.67%.

Insider Activity

In other news, Director Victor Woolridge acquired 6,830 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $14.64 per share, with a total value of $99,991.20. Following the acquisition, the director now owns 6,830 shares in the company, valued at $99,991.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Victor Woolridge purchased 6,830 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $14.64 per share, with a total value of $99,991.20. Following the completion of the acquisition, the director now directly owns 6,830 shares of the company’s stock, valued at approximately $99,991.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Melissa Weiler bought 12,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of $14.34 per share, with a total value of $172,080.00. Following the purchase, the director now owns 12,000 shares in the company, valued at $172,080. The disclosure for this purchase can be found here. Insiders own 90.80% of the company’s stock.

Institutional Trading of Blue Owl Capital Co. III

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Blue Owl Capital Co. III in the 2nd quarter worth about $132,000. Gilbert & Cook Inc. bought a new position in shares of Blue Owl Capital Co. III in the first quarter worth approximately $229,000. Requisite Capital Management LLC purchased a new stake in Blue Owl Capital Co. III in the first quarter valued at approximately $510,000. Ariadne Wealth Management LP purchased a new stake in Blue Owl Capital Co. III in the second quarter valued at approximately $689,000. Finally, Renaissance Technologies LLC bought a new stake in Blue Owl Capital Co. III during the second quarter valued at approximately $856,000.

About Blue Owl Capital Co. III

(Get Free Report)

Blue Owl Capital Corporation is a specialty finance company focused on lending to U.S. middle-market companies. Blue Owl Capital Corporation is based in NEW YORK.

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