Shares of Blue Owl Capital Co. III (NYSE:OBDE – Get 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:OBDE – Get 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
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
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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