Sumitomo Mitsui Trust Group Inc. Acquires Shares of 167,278 Blue Owl Capital Co. III (NYSE:OBDE)

Sumitomo Mitsui Trust Group Inc. purchased a new position in Blue Owl Capital Co. III (NYSE:OBDE - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 167,278 shares of the company's stock, valued at approximately $2,397,000. Sumitomo Mitsui Trust Group Inc. owned about 0.14% of Blue Owl Capital Co. III at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Sunbelt Securities Inc. purchased a new stake in Blue Owl Capital Co. III during the 2nd quarter worth approximately $132,000. Chicago Partners Investment Group LLC grew its holdings in shares of 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 last quarter. Ariadne Wealth Management LP acquired a new position in shares of Blue Owl Capital Co. III in the 2nd quarter valued at $689,000. Gilbert & Cook Inc. raised its stake in Blue Owl Capital Co. III by 241.1% in the 2nd quarter. Gilbert & Cook Inc. now owns 51,077 shares of the company's stock worth $765,000 after acquiring an additional 36,101 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Blue Owl Capital Co. III during the 2nd quarter worth about $856,000.

Insider Activity at Blue Owl Capital Co. III

In related news, Director Victor Woolridge purchased 6,830 shares of the firm's stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $14.64 per share, with a total value of $99,991.20. Following the completion of the acquisition, the director now owns 6,830 shares of the company's stock, valued at $99,991.20. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Blue Owl Capital Co. III Stock Performance

Blue Owl Capital Co. III stock traded up $0.04 during trading hours on Tuesday, hitting $14.73. 569,100 shares of the stock traded hands, compared to its average volume of 116,515. The firm's 50 day moving average price is $14.52 and its 200-day moving average price is $14.84. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market capitalization of $1.82 billion and a price-to-earnings ratio of 8.34. Blue Owl Capital Co. III has a 1 year low of $13.60 and a 1 year high of $16.80.

Blue Owl Capital Co. III Announces Dividend

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

Blue Owl Capital Co. III 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.