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Blue Owl Capital Corp III (OBDE) Stock Could Soon Reward Patient Investors

Blue Owl Capital Corp III (NYSE: OBDE) is -2.07% lower on its value in year-to-date trading and has touched a low of $13.54 and a high of $16.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OBDE stock was last observed hovering at around $14.54 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $14.76, the stock is 3.95% and 1.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 1.51% at the moment leaves the stock -1.20% off its SMA200. OBDE registered a loss of -0.16% in past 6-months.

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The stock witnessed a 2.07% gain in the last 1 month and extending the period to 3 months gives it a -10.07%, and is 2.00% 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 1.33% over the week and 1.93% over the month.

Current P/E ratio is 7.31 and Fwd P/E is 9.23. Profit margin for the company is 54.76%. Distance from 52-week low is 8.98% and -11.45% from its 52-week high. The company has generated returns on investments over the last 12 months (5.69%).

The EPS is expected to shrink by -36.07% this year.

Blue Owl Capital Corp III (OBDE) Top Institutional Holders

The shares outstanding are 123.36M, and float is at 123.30M with Short Float at 0.16%.

Blue Owl Capital Corp III (OBDE) Insider Activity

The most recent transaction is an insider purchase by Woolridge Victor,the company’sDirector. SEC filings show that Woolridge Victor bought 6,830 shares of the company’s common stock on Aug 26 ’24 at a price of $14.64 per share for a total of $99991.0. Following the purchase, the insider now owns 6830.0 shares.

Blue Owl Capital Corp III disclosed in a document filed with the SEC on Aug 21 ’24 that Nicholson Logan (President) bought a total of 12,750 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $14.34 per share for $0.18 million. Following the transaction, the insider now directly holds 25000.0 shares of the OBDE stock.

Still, SEC filings show that on Aug 21 ’24, Nicholson Logan (President) acquired 12,250 shares at an average price of $14.34 for $0.18 million. The insider now directly holds 12,250 shares of Blue Owl Capital Corp III (OBDE).

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