Blue Owl Capital Corp (OBDC) Is Now En Route to Higher Prices

Blue Owl Capital Corp (NYSE: OBDC) is 33.46% higher on its value in year-to-date trading and has touched a low of $11.20 and a high of $15.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OBDC stock was last observed hovering at around $15.05 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $15.14, the stock is 1.87% and 6.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing 0.60% at the moment leaves the stock 12.56% off its SMA200. OBDC registered 31.64% gain for a year compared to 6-month gain of 13.00%.

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The stock witnessed a 2.72% loss in the last 1 month and extending the period to 3 months gives it a 9.60%, and is 0.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.97% over the week and 1.00% over the month.

Current P/E ratio is 7.43 and Fwd P/E is 8.04. Profit margin for the company is 54.18%. Distance from 52-week low is 35.22% and -0.46% from its 52-week high. The company has generated returns on investments over the last 12 months (6.10%).

Blue Owl Capital Corp (OBDC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Blue Owl Capital Corp (OBDC) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.42, where 0 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Blue Owl Capital Corp is expected to release its quarterly report on 02/21/2024.The EPS is expected to grow by 35.23% this year.

Blue Owl Capital Corp (OBDC) Top Institutional Holders

The shares outstanding are 392.48M, and float is at 385.23M with Short Float at 2.25%.

Blue Owl Capital Corp (OBDC) Insider Activity

A total of 0 insider transactions have happened at Blue Owl Capital Corp (OBDC) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Temple Chris,the company’sDirector. SEC filings show that Temple Chris bought 5,900 shares of the company’s common stock on May 26 at a price of $13.30 per share for a total of $78470.0. Following the purchase, the insider now owns 36000.0 shares.

Blue Owl Capital Corp disclosed in a document filed with the SEC on May 25 that Swatt Matthew (Co-Treasurer and Co-Controller) bought a total of 65 shares of the company’s common stock. The trade occurred on May 25 and was made at $13.15 per share for $855.0. Following the transaction, the insider now directly holds 2379.0 shares of the OBDC stock.

Still, SEC filings show that on May 23, Kaye Eric A. (Director) acquired 3,749 shares at an average price of $13.34 for $50012.0. The insider now directly holds 19,144 shares of Blue Owl Capital Corp (OBDC).