The stock of Blue Owl Capital Corp (OBDC) has gone down by -2.54% for the week, with a -3.12% drop in the past month and a -4.95% drop in the past quarter. The volatility ratio for the week is 1.36%, and the volatility levels for the past 30 days are 1.28% for OBDC. The simple moving average for the last 20 days is -1.79% for OBDC stock, with a simple moving average of -4.32% for the last 200 days.
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 8.11x compared to its average ratio, The 36-month beta value for OBDC is at 0.92. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for OBDC is 362.92M, and currently, shorts hold a 1.05% of that float. The average trading volume for OBDC on October 01, 2024 was 1.99M shares.
OBDC) stock’s latest price update
Blue Owl Capital Corp (NYSE: OBDC) has seen a decline in its stock price by -2.87 in relation to its previous close of 15.00. However, the company has experienced a -2.54% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-26 that The Federal Reserve’s 50 basis point rate cut impacts BDCs, which are sensitive to short-term rate changes, affecting their net investment income. BDCs thrive during rate hikes but face challenges with rate cuts, potentially leading to declining net investment income and increased non-accruals. I take a look at 10 leading BDCs and share my pick for the best one to own in the current environment.
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 -1.96% 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 -13.49% of loss for the given period.
Volatility was left at 1.28%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares sank -3.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.71% lower at present.
During the last 5 trading sessions, OBDC fell by -2.54%, which changed the moving average for the period of 200-days by -3.00% in comparison to the 20-day moving average, which settled at $14.81. In addition, Blue Owl Capital Corp saw -0.06% 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 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 10.41. 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 had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
