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

Blue Owl Capital Co. III (NYSE:OBDE) was the target 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. Based on an average daily volume of 162,800 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

Blue Owl Capital Co. III Price Performance

Shares of Blue Owl Capital Co. III stock traded up $0.05 during midday trading on Thursday, hitting $14.59. 261,431 shares of the company were exchanged, compared to its average volume of 112,869. The firm has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $14.85. 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 firm has a market cap of $1.80 billion and a P/E ratio of 8.26. Blue Owl Capital Co. III has a 52 week low of $13.60 and a 52 week high of $16.80.

Blue Owl Capital Co. III Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.35 dividend. 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 presently 79.55%.

Insider Buying and Selling

In other Blue Owl Capital Co. III news, Director Melissa Weiler bought 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average cost of $14.34 per share, for a total transaction of $172,080.00. Following the transaction, the director now owns 12,000 shares in the company, valued at approximately $172,080. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Victor Woolridge purchased 6,830 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $14.64 per share, with a total value of $99,991.20. Following the transaction, the director now directly owns 6,830 shares of the company’s stock, valued at approximately $99,991.20. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 90.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Blue Owl Capital Co. III

Several large investors have recently made changes to their positions in OBDE. Cerity Partners LLC increased its holdings in shares of Blue Owl Capital Co. III by 53.4% during the third quarter. Cerity Partners LLC now owns 193,256 shares of the company’s stock worth $2,769,000 after buying an additional 67,254 shares in the last quarter. Citigroup Inc. grew its position in Blue Owl Capital Co. III by 7,952.0% during the 3rd quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock worth $5,091,000 after acquiring an additional 350,842 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in Blue Owl Capital Co. III by 76.8% during the 3rd 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 in the last quarter. Muzinich & Co. Inc. bought a new position in Blue Owl Capital Co. III in the 3rd quarter valued at $2,455,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Blue Owl Capital Co. III in the third quarter worth $2,397,000.

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.