Blue Owl Capital Co. III (NYSE:OBDE) Sees Large Volume Increase - Still a Buy?

Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 188,307 shares changed hands during trading, an increase of 70% from the previous session's volume of 110,940 shares.The stock last traded at $14.65 and had previously closed at $14.69.

Blue Owl Capital Co. III Stock Performance

The company has a market cap of $1.80 billion and a PE ratio of 8.31. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average of $14.51 and a 200-day moving average of $14.87.

Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $119.08 million. Blue Owl Capital Co. III had a return on equity of 11.51% and a net margin of 45.35%. As a group, analysts anticipate that Blue Owl Capital Co. III will post 1.61 earnings per share for the current year.

Blue Owl Capital Co. III Dividend Announcement

The business also recently announced a -- dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 9.6%. Blue Owl Capital Co. III's payout ratio is 79.55%.

Insider Activity at Blue Owl Capital Co. III

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stephens Inc. AR raised its stake in shares of Blue Owl Capital Co. III by 6.0% in the third quarter. Stephens Inc. AR now owns 60,161 shares of the company's stock valued at $862,000 after buying an additional 3,385 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of Blue Owl Capital Co. III in the second quarter valued at $132,000. CNA Financial Corp raised its stake in shares of Blue Owl Capital Co. III by 1.0% in the second quarter. CNA Financial Corp now owns 1,552,259 shares of the company's stock valued at $23,237,000 after buying an additional 15,346 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Blue Owl Capital Co. III by 86.9% in the third quarter. Chicago Partners Investment Group LLC now owns 36,212 shares of the company's stock valued at $521,000 after buying an additional 16,838 shares during the period. Finally, Gries Financial LLC raised its stake in shares of Blue Owl Capital Co. III by 85.0% in the second quarter. Gries Financial LLC now owns 57,445 shares of the company's stock valued at $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.