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

Blue Owl Capital Co. III logo with Finance background

Shares of Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 207,142 shares traded hands during mid-day trading, an increase of 33% from the previous session's volume of 156,060 shares.The stock last traded at $14.52 and had previously closed at $14.42.

Blue Owl Capital Co. III Price Performance

The stock has a 50-day moving average of $14.79 and a two-hundred day moving average of $14.66. The firm has a market cap of $1.81 billion and a price-to-earnings ratio of 8.34. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.28.

Blue Owl Capital Co. III Announces Dividend

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

Institutional Investors Weigh In On Blue Owl Capital Co. III

A number of hedge funds have recently bought and sold shares of OBDE. Sunbelt Securities Inc. bought a new position in shares of Blue Owl Capital Co. III during the 2nd quarter worth approximately $132,000. XTX Topco Ltd bought a new position in shares of Blue Owl Capital Co. III during the third quarter valued at $148,000. Chicago Partners Investment Group LLC boosted its stake in shares of Blue Owl Capital Co. III by 86.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 36,212 shares of the company's stock valued at $521,000 after purchasing an additional 16,838 shares in the last quarter. Ariadne Wealth Management LP bought a new stake in shares of Blue Owl Capital Co. III in the 2nd quarter worth about $689,000. Finally, Renaissance Technologies LLC bought a new position in Blue Owl Capital Co. III during the 2nd quarter valued at about $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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