Blue Owl Capital Co. III (NYSE:OBDE) Stock Price Down 1.4%

Blue Owl Capital Co. III (NYSE:OBDE)’s stock price dropped 1.4% on Monday . The company traded as low as $15.05 and last traded at $15.20. Approximately 26,703 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 43,491 shares. The stock had previously closed at $15.41.

Analyst Upgrades and Downgrades

Separately, Oppenheimer initiated coverage on shares of Blue Owl Capital Co. III in a research report on Wednesday. They issued an “outperform” rating and a $16.00 target price on the stock.

Blue Owl Capital Co. III Price Performance

The stock has a 50 day moving average price of $15.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.78 and a current ratio of 1.78.

Blue Owl Capital Co. III (NYSE:OBDE) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter. The company 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%.

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.