In the past week, OBDC stock has gone down by -0.47%, with a monthly gain of 1.08% and a quarterly plunge of -8.39%. The volatility ratio for the week is 1.28%, and the volatility levels for the last 30 days are 1.57% for Blue Owl Capital Corp The simple moving average for the past 20 days is 1.65% for OBDC’s stock, with a -1.91% simple moving average for the past 200 days.
Is It Worth Investing in Blue Owl Capital Corp (NYSE: OBDC) Right Now?
The price-to-earnings ratio for Blue Owl Capital Corp (NYSE: OBDC) is above average at 8.29x. The 36-month beta value for OBDC is also noteworthy at 0.92. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
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The public float for OBDC is 362.89M, and at present, short sellers hold a 0.85% of that float. The average trading volume of OBDC on September 05, 2024 was 2.13M shares.
OBDC) stock’s latest price update
Blue Owl Capital Corp (NYSE: OBDC) has seen a decline in its stock price by -0.13 in relation to its previous close of 14.93. However, the company has experienced a -0.47% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-05 that BDCs have outperformed REITs since early 2022 due to rising short-term interest rates and a strong economy, but dynamics shifted in July. With long-term rates declining and recession fears rising, BDCs face dividend cut risk. One BDC recently slashed its dividend aggressively and more are likely to follow.
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 -1.16% 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 -11.48% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +1.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.03% lower at present.
During the last 5 trading sessions, OBDC fell by -0.80%, which changed the moving average for the period of 200-days by +3.47% in comparison to the 20-day moving average, which settled at $14.73. In addition, Blue Owl Capital Corp saw 2.27% 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 2,500 shares at the price of $15.02 back on Aug 27 ’24. After this action, DAlelio Edward H now owns 9,016 shares of Blue Owl Capital Corp, valued at $37,550 using the latest closing price.
Nicholson Logan, the President of Blue Owl Capital Corp, purchase 7,500 shares at $14.66 during a trade that took place back on Aug 21 ’24, which means that Nicholson Logan is holding 10,000 shares at $109,950 based on the most recent 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 2.24.
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 10.52. The receivables turnover for the company is 8.75for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In summary, Blue Owl Capital Corp (OBDC) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
