Blue Owl Capital Co. III (NYSE:OBDE) Sees Strong Trading Volume (2024)

Posted by MarketBeat News on Jun 8th, 2024

Blue Owl Capital Co. III (NYSE:OBDE – Get Free Report) saw an uptick in trading volume on Thursday . 22,833 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 39,371 shares.The stock last traded at $15.22 and had previously closed at $15.30.

Wall Street Analyst Weigh In

Separately, Oppenheimer began coverage on Blue Owl Capital Co. III in a research note on Wednesday, April 17th. They issued an “outperform” rating and a $16.00 target price on the stock.

Read Our Latest Stock Analysis on OBDE

Blue Owl Capital Co. III Stock Down 0.2 %

Want More Great Investing Ideas?

The company has a market cap of $1.86 billion and a PE ratio of 6.64. The firm has a 50 day moving average price of $15.60. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.10.

Blue Owl Capital Co. III (NYSE:OBDE – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $113.45 million for the quarter, compared to analysts’ expectations of $113.94 million. Blue Owl Capital Co. III had a return on equity of 13.62% and a net margin of 63.33%. On average, research analysts predict that Blue Owl Capital Co. III will post 1.6 earnings per share for the current fiscal year.

Blue Owl Capital Co. III Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a yield of 9.28%. Blue Owl Capital Co. III’s dividend payout ratio is currently 61.67%.

Hedge Funds Weigh In On Blue Owl Capital Co. III

A number of hedge funds have recently bought and sold shares of the business. Boston Partners purchased a new position in Blue Owl Capital Co. III during the first quarter worth approximately $2,676,000. California State Teachers Retirement System purchased a new position in shares of Blue Owl Capital Co. III in the first quarter valued at approximately $12,243,000. CNA Financial Corp purchased a new position in shares of Blue Owl Capital Co. III in the first quarter valued at approximately $23,546,000. Gilbert & Cook Inc. purchased a new position in shares of Blue Owl Capital Co. III in the first quarter valued at approximately $229,000. Finally, Trustees of Dartmouth College purchased a new position in shares of Blue Owl Capital Co. III in the first quarter valued at approximately $82,106,000.

Blue Owl Capital Co. III Company Profile

(Get Free Report)

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.

You might be interested in:

Visa Inc. Stock Holdings Cut by Shell Asset Management Co.