Blue Owl Capital Co. III (NYSE:OBDE) Sees Significant Decline in Short Interest

Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 28,900 shares, a decline of 82.1% from the November 30th total of 161,600 shares. Based on an average trading volume of 280,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Blue Owl Capital Co. III Price Performance

OBDE traded down $0.02 during midday trading on Thursday, hitting $15.19. The company had a trading volume of 252,184 shares, compared to its average volume of 150,025. Blue Owl Capital Co. III has a twelve month low of $13.60 and a twelve month high of $16.80. The firm's 50-day simple moving average is $14.75 and its 200-day simple moving average is $14.66. The company has a market capitalization of $1.87 billion and a PE ratio of 8.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.76 and a current ratio of 1.76.

Blue Owl Capital Co. III Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.06 dividend. This represents a dividend 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 presently 79.55%.

Hedge Funds Weigh In On Blue Owl Capital Co. III

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC acquired a new stake in shares of Blue Owl Capital Co. III during the second quarter worth about $1,774,000. CNA Financial Corp raised its holdings in shares of Blue Owl Capital Co. III by 1.0% during the second quarter. CNA Financial Corp now owns 1,552,259 shares of the company's stock worth $23,237,000 after acquiring an additional 15,346 shares during the period. Gilbert & Cook Inc. boosted its stake in Blue Owl Capital Co. III by 241.1% in the 2nd quarter. Gilbert & Cook Inc. now owns 51,077 shares of the company's stock worth $765,000 after purchasing an additional 36,101 shares during the period. First National Trust Co acquired a new stake in shares of Blue Owl Capital Co. III in the 2nd quarter valued at about $996,000. Finally, Gries Financial LLC boosted its position in shares of Blue Owl Capital Co. III by 85.0% during the second quarter. Gries Financial LLC now owns 57,445 shares of the company's stock worth $860,000 after buying an additional 26,392 shares during the period.

Blue Owl Capital Co. III Company Profile

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.