The stock of Blue Owl Capital Corporation (NYSE:OBDC) increased by $0.02 on Friday to finish at $13.60, up 0.15 percent. The last five days have seen an average of 1,126,060 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $2.05. The average number of shares traded over the last 20 days was 1,515,305, while the average volume over the last 50 days totaled 1,546,830.
OBDC stock dropped -3.20% since last month. On 08/18/23, the company’s shares reached a one-month low of $13.22. The stock touched a high of $14.32 on 07/31/23, after rallying from a low of $10.08 in 52 weeks. The price of OBDC stock has risen by 18.63% or $2.05 this year, reaching a new high 17 times. Still, the stock price is down -5.03% from the 52-week high.
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Insider Transactions
OBDC stock investors should be aware that Blue Owl Capital Corporation (OBDC) stock had its last reported insider trading activity 94 days ago on May 26. On May 26, Director Temple Chris acquired 5,900 shares at $13.30 each. This transaction resulted in the insider spending $78,470. On May 25, Swatt Matthew added 65 shares at a price of US$13.15. After the transaction, the insider now owns 2,379 shares. Director Kaye Eric A. had earlier bought 3,749 shares on May 23 for $13.34 a share. The transaction was completed for $50,012.
Valuation Metrics
Blue Owl Capital Corporation (OBDC) has a trailing price-to-earnings (P/E) ratio of 6.24. Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.68, the price-to-book (PB) ratio of 0.89, and the price-to-cash flow ratio of 7.72.
Company paid $0.33 per share in dividends, an increase of 371.43% from $0.07 last year. A $0.26 dividend increase was reported on Thursday August 10 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.11, and the total debt to equity ratio is 1.18. As far as profitability goes, gross margin for the trailing twelve months is 49.50% percent. Blue Owl Capital Corporation’s operating margin stood at 46.90% for the same period. Based on annual data, it had gross profit of $639.48 million and revenue of $1.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OBDC’s return on assets (ROA) during the last 12 months has been 6.30%. There was a 4.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 14.50%.
Earnings Surprise
According to Blue Owl Capital Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Blue Owl Capital Corporation’s quarterly earnings would be $0.48, but it ended up being $0.46, beating the consensus by 4.30%. EBITDA was $296.77 million for the quarter. At the end of Blue Owl Capital Corporation’s most recent quarter ended June 29, its liabilities totaled 7.44 billion, while its total debt was $7.03 billion. Equity owned by shareholders amounts to $389.73 million.
Technical Picture
Here’s a quick look at Blue Owl Capital Corporation’s (OBDC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 44.28%, suggesting the stock is Neutral, with a 15.12% historical volatility rate.
The stochastic %K and %D were 37.23% and 34.99% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 40.43%, the RSI (14) reading is 44.69%. On the 9-day MACD Oscillator, the stock is at 0.03, and the 14-day reading is at -0.10.
Analyst Ratings
In its analyst report released on July 28, 2023, B. Riley Securities began covering Blue Owl Capital Corporation (NYSE: OBDC). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Blue Owl Capital Corporation (OBDC) an Buy rating. OBDC is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.
What is OBDC’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.50 and $16.50, with a median target price of $15.25. In analyzing these forecasts, the average price target given by analysts for Blue Owl Capital Corporation (OBDC) is $15.33.
