Blue Owl Capital Co. III (NYSE:OBDE) Sees Large Decrease in Short Interest

Blue Owl Capital Co. III (NYSE:OBDE) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 28,900 shares, a decrease of 82.1% from the November 30th total of 161,600 shares. Based on an average daily trading volume, of 280,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Blue Owl Capital Co. III

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in shares of Blue Owl Capital Co. III during the second quarter worth $132,000. XTX Topco Ltd acquired a new stake in Blue Owl Capital Co. III in the third quarter worth about $148,000. Chicago Partners Investment Group LLC raised its holdings in Blue Owl Capital Co. III by 86.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 36,212 shares of the company’s stock worth $521,000 after purchasing an additional 16,838 shares during the last quarter. Ariadne Wealth Management LP acquired a new position in Blue Owl Capital Co. III during the 2nd quarter valued at about $689,000. Finally, Gilbert & Cook Inc. lifted its position in Blue Owl Capital Co. III by 241.1% during the 2nd quarter. Gilbert & Cook Inc. now owns 51,077 shares of the company’s stock valued at $765,000 after purchasing an additional 36,101 shares during the period.

Blue Owl Capital Co. III Price Performance

OBDE stock traded down $0.02 during midday trading on Thursday, reaching $15.19. 252,184 shares of the company’s stock traded hands, compared to its average volume of 150,025. 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 company has a market cap of $1.87 billion and a price-to-earnings ratio of 8.63. The company has a 50-day simple moving average of $14.75 and a two-hundred day simple moving average of $14.66. 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 Announces Dividend

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

About Blue Owl Capital Co. III

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.