The stock of Blue Owl Capital Corp (NYSE: OBDC) has decreased by -0.87 when compared to last closing price of 14.86. Despite this, the company has experienced a 0.48% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-12 that NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns a rating of BBB+ to Blue Owl Capital Corporation’s (NYSE: OBDC or “the company”) $400 million, 5.95% senior unsecured notes due 2029. The Outlook for the rating is Stable. The company intends to use proceeds to pay down secured debt. Key Credit Considerations The rating is supported by OBDC’s ties to the $128.4 billion Blue Owl Credit platform that maintains a strong reputation and leadership position in the $1.7 trillion private credit market. OBDC’s exp.
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 9.13x, which is above its average ratio. Moreover, the 36-month beta value for OBDC is 0.89. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for OBDC is 362.92M and currently, short sellers hold a 1.16% of that float. On November 13, 2024, OBDC’s average trading volume was 1.75M shares.
OBDC’s Market Performance
The stock of Blue Owl Capital Corp (OBDC) has seen a 0.48% increase in the past week, with a -1.67% drop in the past month, and a 3.49% gain in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are at 1.28% for OBDC. The simple moving average for the past 20 days is -1.85% for OBDC’s stock, with a -3.36% simple moving average for the past 200 days.
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 -1.00% 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 -12.54% of loss for the given period.
Volatility was left at 1.28%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -1.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.14% lower at present.
During the last 5 trading sessions, OBDC rose by +0.48%, which changed the moving average for the period of 200-days by -1.67% in comparison to the 20-day moving average, which settled at $15.01. In addition, Blue Owl Capital Corp saw 1.03% 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:
- 0.67 for the present operating margin
- 0.81 for the gross margin
The net margin for Blue Owl Capital Corp stands at 0.5. The total capital return value is set at 0.07. Equity return is now at value 10.52, with 4.57 for asset returns.
Currently, EBITDA for the company is 810.68 million with net debt to EBITDA at -0.0. When we switch over and look at the enterprise to sales, we see a ratio of 4.21. The receivables turnover for the company is 11.27for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To wrap up, the performance of Blue Owl Capital Corp (OBDC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
