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

Shares of Blue Owl Capital Co. III (NYSE:OBDE) traded down 2.8% on Tuesday . The stock traded as low as $15.80 and last traded at $15.84. 20,640 shares were traded during mid-day 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 assumed coverage on Blue Owl Capital Co. III in a report on Wednesday, April 17th. They set an “outperform” rating and a $16.00 target price for the company.

Blue Owl Capital Co. III Price Performance

The company has a 50 day moving average price of $15.08. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.92.

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

Institutional Trading of Blue Owl Capital Co. III

An institutional investor recently bought a new position in Blue Owl Capital Co. III stock. Requisite Capital Management LLC bought a new stake in shares of Blue Owl Capital Co. III (NYSE:OBDE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,527 shares of the company’s stock, valued at approximately $510,000.

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.