Blue Owl Capital Co. III (NYSE:OBDE) Sees Large Volume Increase – What’s Next?

Blue Owl Capital Co. III (NYSE:OBDE) saw an uptick in trading volume on Friday . 188,307 shares traded hands during trading, an increase of 70% from the previous session’s volume of 110,940 shares.The stock last traded at $14.65 and had previously closed at $14.69.

Blue Owl Capital Co. III Stock Down 0.7 %

The business has a 50 day moving average price of $14.51 and a 200 day moving average price of $14.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.27. The stock has a market cap of $1.80 billion and a PE ratio of 7.27.

Blue Owl Capital Co. III (NYSE:OBDE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, beating the consensus estimate 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 54.40% and a return on equity of 12.53%. Equities research analysts expect that Blue Owl Capital Co. III will post 1.61 EPS for the current fiscal year.

Insider Activity

In related news, Director Melissa Weiler bought 12,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the completion of the transaction, the director now directly owns 12,000 shares in the company, valued at $172,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Blue Owl Capital Co. III news, Director Victor Woolridge bought 6,830 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 6,830 shares of the company’s stock, valued at $99,991.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Melissa Weiler purchased 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of $14.34 per share, for a total transaction of $172,080.00. Following the completion of the purchase, the director now owns 12,000 shares of the company’s stock, valued at approximately $172,080. The disclosure for this purchase can be found here.

Institutional Trading of Blue Owl Capital Co. III

A number of hedge funds and other institutional investors have recently modified their holdings of OBDE. Sunbelt Securities Inc. acquired a new stake in shares of Blue Owl Capital Co. III during the 2nd quarter worth approximately $132,000. Chicago Partners Investment Group LLC raised its position in Blue Owl Capital Co. III by 86.9% in the third 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 during the period. 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. grew its holdings in shares of Blue Owl Capital Co. III by 241.1% during the 2nd quarter. Gilbert & Cook Inc. now owns 51,077 shares of the company’s stock worth $765,000 after purchasing an additional 36,101 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Blue Owl Capital Co. III during the 2nd quarter worth $856,000.

About Blue Owl Capital Co. III

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.