Drive Wealth Management LLC Invests $393,000 in Blue Owl Capital Co. III (NYSE:OBDE)

Drive Wealth Management LLC purchased a new stake in shares of Blue Owl Capital Co. III (NYSE:OBDE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,689 shares of the company’s stock, valued at approximately $393,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Blue Owl Capital Co. III by 277.6% during the second quarter. Creative Planning now owns 514,341 shares of the company’s stock valued at $7,700,000 after buying an additional 378,136 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Blue Owl Capital Co. III by 79.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,585,744 shares of the company’s stock valued at $51,384,000 after purchasing an additional 1,584,856 shares during the period. HB Wealth Management LLC raised its position in Blue Owl Capital Co. III by 78.9% during the fourth quarter. HB Wealth Management LLC now owns 683,551 shares of the company’s stock valued at $9,863,000 after purchasing an additional 301,365 shares during the period. Gilbert & Cook Inc. raised its position in Blue Owl Capital Co. III by 76.8% during the third quarter. Gilbert & Cook Inc. now owns 90,320 shares of the company’s stock valued at $1,294,000 after purchasing an additional 39,243 shares during the period. Finally, Pettinga Financial Advisors LLC purchased a new stake in Blue Owl Capital Co. III during the third quarter valued at approximately $2,218,000.

Blue Owl Capital Co. III Stock Performance

Shares of OBDE stock opened at $14.14 on Tuesday. Blue Owl Capital Co. III has a 1 year low of $13.60 and a 1 year high of $16.80. 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’s 50 day simple moving average is $14.68 and its two-hundred day simple moving average is $14.57. The company has a market cap of $1.74 billion and a PE ratio of 8.03.

Blue Owl Capital Co. III (NYSE:OBDE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Blue Owl Capital Co. III had a return on equity of 11.52% and a net margin of 45.35%. The business had revenue of $129.04 million for the quarter, compared to the consensus estimate of $122.32 million. Research analysts predict that Blue Owl Capital Co. III will post 1.59 earnings per share for the current year.

Blue Owl Capital Co. III Announces Dividend

The firm also recently declared 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 of this dividend is Friday, May 30th. This represents a dividend yield of 9.4%. Blue Owl Capital Co. III’s payout ratio is 79.55%.

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.