Blue Owl Capital Co. III (NYSE:OBDE) Trading Down 2.8%

Blue Owl Capital Co. III (NYSE:OBDE)’s stock price fell 2.8% during mid-day trading on Tuesday . The stock traded as low as $15.80 and last traded at $15.84. 20,640 shares traded hands during trading, a decline of 51% from the average session volume of 42,299 shares. The stock had previously closed at $16.30.

Wall Street Analyst Weigh In

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

Blue Owl Capital Co. III Trading Up 0.9 %

The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $15.11.

Blue Owl Capital Co. III (NYSE:OBDE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter. Blue Owl Capital Co. III had a net margin of 67.44% and a return on equity of 14.48%. The company had revenue of $111.54 million during the quarter. As a group, analysts predict that Blue Owl Capital Co. III will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Blue Owl Capital Co. III stock. Requisite Capital Management LLC bought a new stake in Blue Owl Capital Co. III (NYSE:OBDE) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 32,527 shares of the company’s stock, valued at approximately $510,000.

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.