Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume – Here’s What Happened

Blue Owl Capital Co. III (NYSE:OBDE) saw strong trading volume on Friday . 201,039 shares were traded during trading, an increase of 46% from the previous session’s volume of 137,933 shares.The stock last traded at $14.87 and had previously closed at $14.91.

Blue Owl Capital Co. III Price Performance

The company has a market cap of $1.84 billion and a PE ratio of 8.49. The business’s 50 day moving average price is $14.68 and its 200-day moving average price is $14.71. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.28.

Blue Owl Capital Co. III Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.06 per share. This represents a yield of 9.4%. The ex-dividend date of this dividend is Friday, May 30th. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is 79.55%.

Institutional Trading of Blue Owl Capital Co. III

Large investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Blue Owl Capital Co. III by 79.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,585,744 shares of the company’s stock worth $51,384,000 after acquiring an additional 1,584,856 shares in the last quarter. CNA Financial Corp raised its position in shares of Blue Owl Capital Co. III by 1.0% in the 2nd quarter. CNA Financial Corp now owns 1,552,259 shares of the company’s stock valued at $23,237,000 after purchasing an additional 15,346 shares in the last quarter. Creative Planning raised its position in shares of Blue Owl Capital Co. III by 42.9% in the 3rd quarter. Creative Planning now owns 734,861 shares of the company’s stock valued at $10,531,000 after purchasing an additional 220,520 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Blue Owl Capital Co. III by 7,952.0% during the 3rd quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock valued at $5,091,000 after buying an additional 350,842 shares during the last quarter. Finally, Confluence Investment Management LLC grew its position in shares of Blue Owl Capital Co. III by 32.5% during the third quarter. Confluence Investment Management LLC now owns 309,025 shares of the company’s stock worth $4,428,000 after buying an additional 75,866 shares in the last quarter.

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.