Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Blue Owl Capital Co. III (NYSE:OBDE - Free Report) by 79.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,585,744 shares of the company's stock after purchasing an additional 1,584,856 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 2.91% of Blue Owl Capital Co. III worth $51,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Stephens Inc. AR raised its stake in shares of Blue Owl Capital Co. III by 6.0% during the third quarter. Stephens Inc. AR now owns 60,161 shares of the company's stock worth $862,000 after acquiring an additional 3,385 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Blue Owl Capital Co. III in the second quarter worth $132,000. CNA Financial Corp boosted its position in 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 valued at $23,237,000 after buying an additional 15,346 shares during the period. Chicago Partners Investment Group LLC boosted its position in Blue Owl Capital Co. III by 86.9% during 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 grew its stake 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 valued at $860,000 after buying an additional 26,392 shares during the last quarter.
Blue Owl Capital Co. III Trading Down 0.4 %
Shares of NYSE OBDE traded down $0.06 during midday trading on Friday, reaching $14.63. The company had a trading volume of 346,350 shares, compared to its average volume of 212,062. The stock has a market cap of $1.80 billion and a PE ratio of 8.31. Blue Owl Capital Co. III has a one year low of $13.60 and a one year high of $16.80. The firm's fifty day moving average price is $14.51 and its 200-day moving average price is $14.87. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 1.28.
Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Blue Owl Capital Co. III had a net margin of 45.35% and a return on equity of 11.52%. The company had revenue of $123.18 million for the quarter, compared to the consensus estimate of $119.08 million. On average, equities research analysts anticipate that Blue Owl Capital Co. III will post 1.61 earnings per share for the current year.
Blue Owl Capital Co. III Announces Dividend
The company also recently announced a -- dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued 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 dividend payout ratio is currently 79.55%.
Insider Buying and Selling
In other Blue Owl Capital Co. III news, Director Victor Woolridge purchased 6,830 shares of the stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $14.64 per share, with a total value of $99,991.20. Following the transaction, the director now directly owns 6,830 shares of the company's stock, valued at approximately $99,991.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Victor Woolridge acquired 6,830 shares of Blue Owl Capital Co. III stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $14.64 per share, with a total value of $99,991.20. Following the transaction, the director now owns 6,830 shares in the company, valued at $99,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Melissa Weiler bought 12,000 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $14.34 per share, with a total value of $172,080.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at approximately $172,080. The disclosure for this purchase can be found here. 90.80% of the stock is owned by insiders.
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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