Blue Owl Capital Co. III (NYSE:OBDE) Sees Unusually-High Trading Volume - Here's Why

Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) shares saw an uptick in trading volume on Tuesday . 276,092 shares were traded during mid-day trading, an increase of 167% from the previous session's volume of 103,239 shares.The stock last traded at $14.32 and had previously closed at $14.61.

Blue Owl Capital Co. III Trading Down 2.0 %

The company has a market capitalization of $1.77 billion and a P/E ratio of 6.31. The company has a 50-day simple moving average of $14.48 and a 200 day simple moving average of $14.93. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.05 and a current ratio of 1.05.

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, topping analysts' consensus estimates of $0.40 by $0.01. Blue Owl Capital Co. III had a net margin of 54.40% and a return on equity of 12.53%. The business had revenue of $123.18 million for the quarter, compared to analyst estimates of $119.08 million. Sell-side analysts expect 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 quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 9.78%. The ex-dividend date of this dividend was Monday, September 30th. Blue Owl Capital Co. III's payout ratio is presently 61.67%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Blue Owl Capital Co. III

A number of institutional investors have recently added to or reduced their stakes in the stock. Requisite Capital Management LLC bought a new position in Blue Owl Capital Co. III during the 1st quarter valued at about $510,000. Gilbert & Cook Inc. acquired a new stake in Blue Owl Capital Co. III during the 1st quarter valued at $229,000. CNA Financial Corp bought a new position in Blue Owl Capital Co. III in the 1st quarter valued at $23,546,000. California State Teachers Retirement System acquired a new position in Blue Owl Capital Co. III in the first quarter worth $12,243,000. Finally, Boston Partners bought a new stake in shares of Blue Owl Capital Co. III during the first quarter worth $2,676,000.

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.