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

Posted by Stephan Jacobs on Jan 4th, 2025

Blue Owl Capital Co. III (NYSE:OBDE – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 207,142 shares traded hands during trading, an increase of 33% from the previous session’s volume of 156,060 shares.The stock last traded at $14.52 and had previously closed at $14.42.

Blue Owl Capital Co. III Trading Up 0.3 %

The company has a market capitalization of $1.81 billion and a P/E ratio of 8.36. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.28. The firm’s 50-day moving average price is $14.80 and its 200 day moving average price is $14.66.

Blue Owl Capital Co. III Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.06 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 9.4%. Blue Owl Capital Co. III’s dividend payout ratio is presently 79.55%.

Hedge Funds Weigh In On Blue Owl Capital Co. III

Several hedge funds have recently modified their holdings of OBDE. Certuity LLC grew its position in shares of Blue Owl Capital Co. III by 344.4% during the 2nd quarter. Certuity LLC now owns 170,733 shares of the company’s stock valued at $2,556,000 after acquiring an additional 132,318 shares during the period. Renaissance Technologies LLC bought a new position in shares of Blue Owl Capital Co. III during the 2nd quarter worth $856,000. Marshall Wace LLP purchased a new stake in Blue Owl Capital Co. III in the 2nd quarter worth about $1,234,000. Creative Planning raised its stake in Blue Owl Capital Co. III by 277.6% in the 2nd quarter. Creative Planning now owns 514,341 shares of the company’s stock valued at $7,700,000 after acquiring an additional 378,136 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in Blue Owl Capital Co. III during the second quarter valued at about $132,000.

Blue Owl Capital Co. III Company Profile

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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.