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

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

Analysts Set New Price Targets

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

Blue Owl Capital Co. III Stock Performance

The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.78 and a current ratio of 1.78. The company has a 50-day moving average of $15.11.

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

Institutional Investors Weigh In On Blue Owl Capital Co. III

An institutional investor recently bought a new position in Blue Owl Capital Co. III stock. Requisite Capital Management LLC purchased a new position in Blue Owl Capital Co. III (NYSE:OBDE) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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.