Blue Owl Capital Corp (OBDC) Shares Rise Despite Market Challenges

The stock of Blue Owl Capital Corp (NYSE: OBDC) has increased by 0.46 when compared to last closing price of 15.28. Despite this, the company has experienced a -0.39% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that Blue Owl Capital Corporation (OBDC) reported earnings 30 days ago. What’s next for the stock?

Is It Worth Investing in Blue Owl Capital Corp (NYSE: OBDC) Right Now?

Blue Owl Capital Corp (NYSE: OBDC) has a higher price-to-earnings ratio of 7.55x compared to its average ratio, The 36-month beta value for OBDC is at 0.95. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for OBDC is 359.92M, and currently, shorts hold a 2.17% of that float. The average trading volume for OBDC on April 02, 2024 was 2.00M shares.

OBDC’s Market Performance

OBDC’s stock has seen a -0.39% decrease for the week, with a 1.99% rise in the past month and a 4.55% gain in the past quarter. The volatility ratio for the week is 0.86%, and the volatility levels for the past 30 days are at 1.01% for Blue Owl Capital Corp The simple moving average for the last 20 days is 0.73% for OBDC stock, with a simple moving average of 8.33% for the last 200 days.

Analysts’ Opinion of OBDC

Many brokerage firms have already submitted their reports for OBDC stocks, with B. Riley Securities repeating the rating for OBDC by listing it as a “Neutral.” The predicted price for OBDC in the upcoming period, according to B. Riley Securities is $15.50 based on the research report published on January 08, 2024 of the current year 2024.

B. Riley Securities, on the other hand, stated in their research note that they expect to see OBDC reach a price target of $15.25. The rating they have provided for OBDC stocks is “Buy” according to the report published on July 28th, 2023.

Wells Fargo gave a rating of “Underweight” to OBDC, setting the target price at $12 in the report published on July 25th of the previous year.

OBDC Trading at 2.25% from the 50-Day Moving Average

After a stumble in the market that brought OBDC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.25% of loss for the given period.

Volatility was left at 1.01%, however, over the last 30 days, the volatility rate increased by 0.86%, as shares surge +1.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.83% upper at present.

During the last 5 trading sessions, OBDC fell by -0.49%, which changed the moving average for the period of 200-days by +14.27% in comparison to the 20-day moving average, which settled at $15.25. In addition, Blue Owl Capital Corp saw 4.55% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at OBDC starting from DAlelio Edward H, who purchase 3,000 shares at the price of $15.07 back on Mar 05 ’24. After this action, DAlelio Edward H now owns 6,217 shares of Blue Owl Capital Corp, valued at $45,210 using the latest closing price.

Temple Chris, the Director of Blue Owl Capital Corp, purchase 5,900 shares at $13.30 during a trade that took place back on May 26 ’23, which means that Temple Chris is holding 36,000 shares at $78,470 based on the most recent closing price.

Stock Fundamentals for OBDC

Current profitability levels for the company are sitting at:

  • 1.05 for the present operating margin
  • 0.59 for the gross margin

The net margin for Blue Owl Capital Corp stands at 0.92. The total capital return value is set at 0.07. Equity return is now at value 13.33, with 5.86 for asset returns.

Based on Blue Owl Capital Corp (OBDC), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 2.21.

Currently, EBITDA for the company is 810.68 million with net debt to EBITDA at 7.16. When we switch over and look at the enterprise to sales, we see a ratio of 14.44. The receivables turnover for the company is 6.39for trailing twelve months and the total asset turnover is 0.06.

Conclusion

In conclusion, Blue Owl Capital Corp (OBDC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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