The stock price of Blue Owl Capital Corp (NYSE: OBDC) has plunged by -2.84 when compared to previous closing price of 14.98, but the company has seen a -5.85% decline in its stock price over the last five trading sessions. investorplace.com reported 2024-08-01 that Dividend stocks are an excellent way for investors to steadily grow their portfolio, especially for the long term. Accessing dividends is vital to growing a large and diverse portfolio.
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 7.33x compared to its average ratio. OBDC has 36-month beta value of 0.92. Analysts have mixed views on the stock, 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 currently, short sellers hold a 2.31% ratio of that float. The average trading volume of OBDC on August 05, 2024 was 1.98M shares.
OBDC’s Market Performance
OBDC’s stock has seen a -5.85% decrease for the week, with a -6.70% drop in the past month and a -8.87% fall in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 1.33% for Blue Owl Capital Corp The simple moving average for the last 20 days is -5.79% for OBDC stock, with a simple moving average of -3.81% 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 -7.97% 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 -13.93% of loss for the given period.
Volatility was left at 1.33%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -6.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.61% lower at present.
During the last 5 trading sessions, OBDC fell by -6.27%, which changed the moving average for the period of 200-days by +5.23% in comparison to the 20-day moving average, which settled at $15.40. In addition, Blue Owl Capital Corp saw -0.56% in overturn over a single year, with a tendency to cut further losses.
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 11.35. The receivables turnover for the company is 7.18for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To put it simply, Blue Owl Capital Corp (OBDC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
