Cresset Asset Management LLC Takes $125.36 Million Position in Blue Owl Capital Co. III (NYSE:OBDE)

Cresset Asset Management LLC bought a new stake in Blue Owl Capital Co. III (NYSE:OBDE) in the fourth quarter, Holdings Channel reports. The institutional investor bought 8,198,686 shares of the company’s stock, valued at approximately $125,358,000. Blue Owl Capital Co. III accounts for approximately 0.6% of Cresset Asset Management LLC’s portfolio, making the stock its 25th largest holding. Cresset Asset Management LLC owned about 0.07% of Blue Owl Capital Co. III as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in Blue Owl Capital Co. III by 22.5% in the 4th quarter. Citadel Advisors LLC now owns 156,696 shares of the company’s stock valued at $2,260,000 after buying an additional 28,802 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Blue Owl Capital Co. III during the 4th quarter valued at about $434,000. Ameriprise Financial Inc. boosted its position in shares of Blue Owl Capital Co. III by 5.9% during the 4th quarter. Ameriprise Financial Inc. now owns 20,249 shares of the company’s stock valued at $292,000 after acquiring an additional 1,135 shares in the last quarter. Almitas Capital LLC bought a new stake in Blue Owl Capital Co. III in the fourth quarter valued at about $27,250,000. Finally, Ares Management LLC raised its position in Blue Owl Capital Co. III by 595.2% in the fourth quarter. Ares Management LLC now owns 187,449 shares of the company’s stock worth $2,703,000 after purchasing an additional 160,484 shares in the last quarter.

Blue Owl Capital Co. III Price Performance

Shares of OBDE opened at $14.14 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average price of $14.14 and a two-hundred day moving average price of $14.39. The stock has a market cap of $1.74 billion and a price-to-earnings ratio of 8.03. Blue Owl Capital Co. III has a 12 month low of $13.60 and a 12 month high of $16.59.

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.