154,783 Shares in Blue Owl Capital Co. III (NYSE:OBDE) Purchased by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC acquired a new position in shares of Blue Owl Capital Co. III (NYSE:OBDE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 154,783 shares of the company’s stock, valued at approximately $2,218,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBDE. CNA Financial Corp purchased a new position in shares of Blue Owl Capital Co. III during the first quarter valued at approximately $23,546,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Blue Owl Capital Co. III by 323.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,000,888 shares of the company’s stock valued at $29,953,000 after buying an additional 1,528,078 shares in the last quarter. California State Teachers Retirement System purchased a new position in Blue Owl Capital Co. III during the first quarter valued at $12,243,000. Transcend Capital Advisors LLC bought a new stake in Blue Owl Capital Co. III in the second quarter worth $8,649,000. Finally, Creative Planning grew its stake in shares of Blue Owl Capital Co. III by 277.6% in the second quarter. Creative Planning now owns 514,341 shares of the company’s stock worth $7,700,000 after acquiring an additional 378,136 shares during the last quarter.

Blue Owl Capital Co. III Price Performance

Shares of NYSE:OBDE opened at $14.50 on Friday. The business has a fifty day moving average price of $14.49 and a 200-day moving average price of $14.92. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1.79 billion and a PE ratio of 7.18. 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 (NYSE:OBDE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $123.18 million during 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%. As a group, equities analysts expect that Blue Owl Capital Co. III will post 1.61 EPS for the current fiscal year.

Blue Owl Capital Co. III Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 9.66%. Blue Owl Capital Co. III’s payout ratio is currently 69.31%.

Insider Activity at Blue Owl Capital Co. III

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

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.