Blue Owl Capital Co. III (NYSE:OBDE) Short Interest Update

by · The Cerbat Gem

Blue Owl Capital Co. III (NYSE:OBDE – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 120,100 shares, a decline of 29.4% from the October 15th total of 170,200 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 162,800 shares, the short-interest ratio is currently 0.7 days.

Blue Owl Capital Co. III Stock Up 0.3 %

NYSE OBDE traded up $0.05 on Thursday, reaching $14.59. The company had a trading volume of 261,431 shares, compared to its average volume of 112,869. The company’s fifty day moving average is $14.51 and its 200-day moving average is $14.85. The firm has a market capitalization of $1.80 billion and a price-to-earnings ratio of 8.26. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.76 and a current ratio of 1.76. 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 Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 9.6%. Blue Owl Capital Co. III’s dividend payout ratio is currently 79.55%.

Insider Buying and Selling

In other Blue Owl Capital Co. III news, Director Victor Woolridge purchased 6,830 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $14.64 per share, with a total value of $99,991.20. Following the completion of the transaction, the director now directly owns 6,830 shares in the company, valued at $99,991.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Melissa Weiler acquired 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of $14.34 per share, with a total value 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. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 90.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Stephens Inc. AR lifted its stake in Blue Owl Capital Co. III by 6.0% in the 3rd quarter. Stephens Inc. AR now owns 60,161 shares of the company’s stock valued at $862,000 after acquiring an additional 3,385 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Blue Owl Capital Co. III during the second quarter worth $132,000. CNA Financial Corp grew its position in Blue Owl Capital Co. III by 1.0% in the second quarter. CNA Financial Corp now owns 1,552,259 shares of the company’s stock valued at $23,237,000 after purchasing an additional 15,346 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Blue Owl Capital Co. III by 86.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 36,212 shares of the company’s stock valued at $521,000 after buying an additional 16,838 shares during the last quarter. Finally, Gries Financial LLC lifted its position in Blue Owl Capital Co. III by 85.0% during the 2nd quarter. Gries Financial LLC now owns 57,445 shares of the company’s stock worth $860,000 after buying an additional 26,392 shares in the last quarter.

About Blue Owl Capital Co. III

(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.

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