Confluence Investment Management LLC increased its holdings in Blue Owl Capital Co. III (NYSE:OBDE - Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,025 shares of the company's stock after purchasing an additional 75,866 shares during the quarter. Confluence Investment Management LLC owned approximately 0.25% of Blue Owl Capital Co. III worth $4,428,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Blue Owl Capital Co. III by 323.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,000,888 shares of the company's stock worth $29,953,000 after purchasing an additional 1,528,078 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of Blue Owl Capital Co. III in the 1st quarter valued at $12,243,000. Transcend Capital Advisors LLC acquired a new position in shares of Blue Owl Capital Co. III during the 2nd quarter valued at $8,649,000. Creative Planning boosted its stake in Blue Owl Capital Co. III by 277.6% during the second quarter. Creative Planning now owns 514,341 shares of the company's stock worth $7,700,000 after acquiring an additional 378,136 shares in the last quarter. Finally, Boston Partners acquired a new stake in Blue Owl Capital Co. III in the first quarter worth $2,676,000.
Blue Owl Capital Co. III Stock Down 0.4 %
Shares of OBDE traded down $0.06 during trading hours on Friday, hitting $14.63. The stock had a trading volume of 346,350 shares, compared to its average volume of 203,145. Blue Owl Capital Co. III has a 1-year low of $13.60 and a 1-year high of $16.80. The firm has a market capitalization of $1.80 billion and a P/E ratio of 8.31. The firm has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $14.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.05 and a quick ratio of 1.05.
Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $123.18 million for the quarter, compared to analyst estimates of $119.08 million. Blue Owl Capital Co. III had a net margin of 45.35% and a return on equity of 11.51%. Sell-side analysts predict that Blue Owl Capital Co. III will post 1.61 EPS for the current fiscal year.
Blue Owl Capital Co. III Announces Dividend
The firm also recently declared a -- dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 9.6%. Blue Owl Capital Co. III's dividend payout ratio (DPR) is currently 79.55%.
Insiders Place Their Bets
In related 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 acquired at an average price of $14.64 per share, for a total transaction of $99,991.20. Following the completion of the acquisition, the director now owns 6,830 shares of the company's stock, valued at approximately $99,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Melissa Weiler acquired 12,000 shares of Blue Owl Capital Co. III stock in a transaction that occurred 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 completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $172,080. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Victor Woolridge purchased 6,830 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the acquisition, the director now owns 6,830 shares of the company's stock, valued at approximately $99,991.20. The disclosure for this purchase can be found here. Insiders own 90.80% of the company's stock.
Blue Owl Capital Co. III Profile
(
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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