Muzinich & Co. Inc. Makes New $2.46 Million Investment in Blue Owl Capital Co. III (NYSE:OBDE)

Muzinich & Co. Inc. purchased a new stake in shares of Blue Owl Capital Co. III (NYSE:OBDE) in the third quarter, HoldingsChannel reports. The institutional investor purchased 171,333 shares of the company’s stock, valued at approximately $2,455,000. Blue Owl Capital Co. III comprises about 1.7% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. California State Teachers Retirement System purchased a new stake in Blue Owl Capital Co. III in the first quarter valued at approximately $12,243,000. Boston Partners bought a new stake in shares of Blue Owl Capital Co. III during the 1st quarter worth $2,676,000. Confluence Investment Management LLC bought a new position in Blue Owl Capital Co. III in the second quarter valued at $3,490,000. Transcend Capital Advisors LLC purchased a new stake in Blue Owl Capital Co. III during the second quarter valued at about $8,649,000. Finally, HB Wealth Management LLC bought a new stake in Blue Owl Capital Co. III during the second quarter worth about $1,774,000.

Insider Activity

In related news, Director Melissa Weiler acquired 12,000 shares of the stock in a transaction on Tuesday, August 20th. The stock was purchased at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the completion of the transaction, the director now owns 12,000 shares of the company’s stock, valued at $172,080. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Victor Woolridge acquired 6,830 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $14.64 per share, with a total value of $99,991.20. Following the purchase, the director now owns 6,830 shares of the company’s stock, valued at approximately $99,991.20. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 90.80% of the stock is owned by corporate insiders.

Blue Owl Capital Co. III Price Performance

OBDE opened at $14.66 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.81 billion and a P/E ratio of 8.33. The stock has a 50-day moving average price of $14.51 and a 200-day moving average price of $14.84. Blue Owl Capital Co. III has a 12-month low of $13.60 and a 12-month high of $16.80.

Blue Owl Capital Co. III Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.35 per share. This represents a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital Co. III’s dividend payout ratio (DPR) is presently 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.