Renaissance Technologies LLC Makes New $856,000 Investment in Blue Owl Capital Co. III (NYSE:OBDE)

Renaissance Technologies LLC purchased a new position in Blue Owl Capital Co. III (NYSE:OBDE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 57,200 shares of the company’s stock, valued at approximately $856,000.

A number of other large investors have also bought and sold shares of OBDE. Requisite Capital Management LLC acquired a new stake in Blue Owl Capital Co. III in the first quarter worth $510,000. Trustees of Dartmouth College acquired a new stake in Blue Owl Capital Co. III in the first quarter worth $82,106,000. Gilbert & Cook Inc. acquired a new stake in Blue Owl Capital Co. III in the first quarter worth $229,000. CNA Financial Corp acquired a new stake in Blue Owl Capital Co. III in the first quarter worth $23,546,000. Finally, California State Teachers Retirement System acquired a new stake in Blue Owl Capital Co. III in the first quarter worth $12,243,000.

Insider Activity

In other Blue Owl Capital Co. III news, Director Victor Woolridge acquired 6,830 shares of Blue Owl Capital Co. III stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the completion of the acquisition, the director now directly owns 6,830 shares of the company’s stock, valued at $99,991.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Victor Woolridge purchased 6,830 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the completion of the acquisition, the director now owns 6,830 shares in the company, valued at $99,991.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Melissa Weiler purchased 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company’s stock, valued at $172,080. The disclosure for this purchase can be found here. Corporate insiders own 90.80% of the company’s stock.

Blue Owl Capital Co. III Stock Down 0.9 %

Shares of NYSE OBDE opened at $14.53 on Tuesday. The stock has a market capitalization of $1.79 billion and a P/E ratio of 6.40. The company has a 50-day moving average price of $14.41 and a 200-day moving average price of $15.00. 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 debt-to-equity ratio of 1.27, a current ratio of 1.05 and a quick ratio of 1.05.

Blue Owl Capital Co. III (NYSE:OBDE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $123.18 million during the quarter, compared to analysts’ expectations of $119.08 million. Blue Owl Capital Co. III had a net margin of 54.40% and a return on equity of 12.53%. On average, equities research analysts forecast that Blue Owl Capital Co. III will post 1.61 EPS for the current fiscal year.

Blue Owl Capital Co. III Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.64%. The ex-dividend date is Monday, September 30th. Blue Owl Capital Co. III’s dividend payout ratio is currently 61.67%.

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.