Blue Owl Capital Co. III (NYSE:OBDE) Now Covered by Oppenheimer

Analysts at Oppenheimer started coverage on shares of Blue Owl Capital Co. III (NYSE:OBDE) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Oppenheimer’s target price would suggest a potential upside of 6.45% from the company’s previous close.

Blue Owl Capital Co. III Price Performance

OBDE opened at $15.03 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.92. The business’s 50 day simple moving average is $15.04. Blue Owl Capital Co. III has a fifty-two week low of $14.23 and a fifty-two week high of $15.56.

Blue Owl Capital Co. III (NYSE:OBDE) last posted its quarterly 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 during the quarter. Blue Owl Capital Co. III had a net margin of 67.44% and a return on equity of 14.48%.

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 acquired a new stake in shares of Blue Owl Capital Co. III (NYSE:OBDE) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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.