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

Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report)'s share price fell 2.8% during mid-day trading on Tuesday . The company 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 started coverage on shares of Blue Owl Capital Co. III in a report on Wednesday, April 17th. They issued an "outperform" rating and a $16.00 target price for the company.

Blue Owl Capital Co. III Trading Down 5.2 %

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's fifty day simple moving average is $15.10.

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

Institutional Investors Weigh In On Blue Owl Capital Co. III

A hedge fund recently bought a new stake 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 - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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.