Blue Owl Capital Corp (NYSE: OBDC)’s stock price has plunge by 1.42relation to previous closing price of 15.46. Nevertheless, the company has seen a 1.49% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-24 that Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.
Is It Worth Investing in Blue Owl Capital Corp (NYSE: OBDC) Right Now?
Blue Owl Capital Corp (NYSE: OBDC) has a price-to-earnings ratio that is above its average at 7.90x. The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for OBDC is 362.48M, and at present, short sellers hold a 2.31% of that float. On July 31, 2024, the average trading volume of OBDC was 1.94M shares.
OBDC’s Market Performance
OBDC stock saw an increase of 1.49% in the past week, with a monthly gain of 2.08% and a quarterly increase of -1.40%. The volatility ratio for the week is 1.19%, and the volatility levels for the last 30 days are 1.21% for Blue Owl Capital Corp (OBDC). The simple moving average for the last 20 days is 1.33% for OBDC stock, with a simple moving average of 3.90% for the last 200 days.
Analysts’ Opinion of OBDC
Many brokerage firms have already submitted their reports for OBDC stocks, with Hovde Group repeating the rating for OBDC by listing it as a “Outperform.” The predicted price for OBDC in the upcoming period, according to Hovde Group is $17 based on the research report published on May 10, 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 $15.50. The rating they have provided for OBDC stocks is “Neutral” according to the report published on January 08th, 2024.
B. Riley Securities gave a rating of “Buy” to OBDC, setting the target price at $15.25 in the report published on July 28th of the previous year.
OBDC Trading at -1.38% 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 -7.27% of loss for the given period.
Volatility was left at 1.21%, however, over the last 30 days, the volatility rate increased by 1.19%, as shares surge +1.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.27% lower at present.
During the last 5 trading sessions, OBDC rose by +1.49%, which changed the moving average for the period of 200-days by +15.81% in comparison to the 20-day moving average, which settled at $15.49. In addition, Blue Owl Capital Corp saw 7.12% 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.
Stock Fundamentals for OBDC
Current profitability levels for the company are sitting at:
- 0.88 for the present operating margin
- 0.66 for the gross margin
The net margin for Blue Owl Capital Corp stands at 0.74. The total capital return value is set at 0.07. Equity return is now at value 12.96, with 5.73 for asset returns.
Based on Blue Owl Capital Corp (OBDC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 2.17.
Currently, EBITDA for the company is 810.68 million with net debt to EBITDA at 6.71. When we switch over and look at the enterprise to sales, we see a ratio of 11.77. The receivables turnover for the company is 7.18for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To sum up, Blue Owl Capital Corp (OBDC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
