Confluence Investment Management LLC Boosts Stake in Blue Owl Capital Co. III (NYSE:OBDE)

Confluence Investment Management LLC raised its holdings in shares of Blue Owl Capital Co. III (NYSE:OBDE) by 0.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 310,424 shares of the company’s stock after purchasing an additional 1,399 shares during the quarter. Confluence Investment Management LLC’s holdings in Blue Owl Capital Co. III were worth $4,476,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of OBDE. Sunbelt Securities Inc. boosted its holdings in Blue Owl Capital Co. III by 17.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,331 shares of the company’s stock valued at $148,000 after acquiring an additional 1,509 shares during the period. XTX Topco Ltd bought a new stake in shares of Blue Owl Capital Co. III during the third quarter worth $148,000. Cerity Partners LLC boosted its stake 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 valued at $2,769,000 after purchasing an additional 67,254 shares during the period. Citigroup Inc. grew its holdings in shares of Blue Owl Capital Co. III by 7,952.0% in the third quarter. Citigroup Inc. now owns 355,254 shares of the company’s stock worth $5,091,000 after purchasing an additional 350,842 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in shares of Blue Owl Capital Co. III by 76.8% in the third quarter. Gilbert & Cook Inc. now owns 90,320 shares of the company’s stock worth $1,294,000 after purchasing an additional 39,243 shares during the last quarter.

Blue Owl Capital Co. III Trading Up 1.7 %

Shares of OBDE opened at $14.67 on Friday. The firm has a market capitalization of $1.81 billion and a price-to-earnings ratio of 8.34. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.76 and a quick 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. The company has a 50-day moving average of $14.79 and a 200 day moving average of $14.66.

Blue Owl Capital Co. III Announces Dividend

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

Blue Owl Capital Co. III 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.