In the past week, OBDC stock has gone up by 1.11%, with a monthly decline of -4.91% and a quarterly plunge of -11.29%. The volatility ratio for the week is 1.44%, and the volatility levels for the last 30 days are 1.91% for Blue Owl Capital Corp The simple moving average for the past 20 days is -2.79% for OBDC’s stock, with a -4.32% simple moving average for the past 200 days.
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 of 8.09x that is above its average ratio. Additionally, the 36-month beta value for OBDC is 0.92. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OBDC is 362.90M and currently, short sellers hold a 1.84% ratio of that float. The average trading volume of OBDC on August 20, 2024 was 2.08M shares.
OBDC) stock’s latest price update
Blue Owl Capital Corp (NYSE: OBDC) has seen a rise in its stock price by 0.21 in relation to its previous close of 14.51. However, the company has experienced a 1.11% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-08-11 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Blue Owl Capital Corporation III (“OBDE” or the “Company”) (NYSE: OBDE) and Blue Owl Capital Corporation (NYSE: OBDC). Under the terms of the proposed transaction, shareholders of OBDE will receive newly issued shares of OBDC for each share of OBDE based on an exchange ratio determined prior to closing. KSF.
Analysts’ Opinion of OBDC
Hovde Group, on the other hand, stated in their research note that they expect to see OBDC reach a price target of $17, previously predicting the price at $16. The rating they have provided for OBDC stocks is “Outperform” according to the report published on May 10th, 2024.
B. Riley Securities gave a rating of “Neutral” to OBDC, setting the target price at $15.50 in the report published on January 08th of the current year.
OBDC Trading at -5.59% 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 -14.02% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares sank -6.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.34% lower at present.
During the last 5 trading sessions, OBDC rose by +1.11%, which changed the moving average for the period of 200-days by +9.82% in comparison to the 20-day moving average, which settled at $14.91. In addition, Blue Owl Capital Corp saw -0.67% 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:
- 0.77 for the present operating margin
- 0.71 for the gross margin
The net margin for Blue Owl Capital Corp stands at 0.57. The total capital return value is set at 0.07. Equity return is now at value 11.73, with 5.14 for asset returns.
Based on Blue Owl Capital Corp (OBDC), the company’s capital structure generated 0.55 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 1.24. The interest coverage ratio of the stock is 2.2.
Currently, EBITDA for the company is 810.68 million with net debt to EBITDA at 7.46. When we switch over and look at the enterprise to sales, we see a ratio of 10.4. The receivables turnover for the company is 8.75for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, Blue Owl Capital Corp (OBDC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
