Blue Owl Capital Corp (NYSE: OBDC)’s stock price has plunge by -0.39relation to previous closing price of 15.19. Nevertheless, the company has seen a 0.67% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-20 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.
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 9.38x, 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 4 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 363.68M and currently, short sellers hold a 1.15% of that float. On November 27, 2024, OBDC’s average trading volume was 1.69M shares.
OBDC’s Market Performance
The stock of Blue Owl Capital Corp (OBDC) has seen a 0.67% increase in the past week, with a -1.18% drop in the past month, and a 1.00% gain in the past quarter. The volatility ratio for the week is 1.06%, and the volatility levels for the past 30 days are at 1.28% for OBDC. The simple moving average for the last 20 days is 1.33% for OBDC stock, with a simple moving average of -0.88% for the last 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 1.31% 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 -10.17% of loss for the given period.
Volatility was left at 1.28%, however, over the last 30 days, the volatility rate increased by 1.06%, as shares surge +0.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.93% upper at present.
During the last 5 trading sessions, OBDC rose by +0.67%, which changed the moving average for the period of 200-days by +1.82% in comparison to the 20-day moving average, which settled at $14.93. In addition, Blue Owl Capital Corp saw 3.78% 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:
- 0.65 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 0.06. Equity return is now at value 10.52, with 4.57 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 4.33. 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 bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
