Blue Owl Capital Corp (NYSE: OBDC) Not A Good Play Anymore?

Blue Owl Capital Corp (OBDC) concluded trading on 12/21/23 at a closing price of $15.00, with 2.19 million shares of worth about $32.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.40% during that period and on Thursday the price saw a loss of about -0.40%. Currently the company’s common shares owned by public are about 392.48M shares, out of which, 385.23M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 88,314 shares in 5 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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ARIRANG Top10 US Listed Alternati, VanEck BDC Income ETF, and Border to Coast Listed Alternativ are the top 3 mutual funds which are holding stakes in Blue Owl Capital Corp ARIRANG Top10 US Listed Alternati is currently holding 7.66 million shares of worth totaling $112.22 million. The company recently came buying 7.66 million shares which brought its stake up to 1.96% of the company’s outstanding shares. VanEck BDC Income ETF bought 16775.0 shares, after which its hold over company’s outstanding shares expand to 1.68%, leaving 6.56 million shares with the mutual fund that have a worth of about $96.15 million. Border to Coast Listed Alternativ, after buying 2.26 million shares, have now control over 0.58% of the stake in the company. It holds 2.26 million shares of worth $33.2 million.

However, the stock later moved at a day high price of 15.09, or with a loss of -0.40%. Stock saw a price change of -0.33% in past 5 days and over the past one month there was a price change of 3.09%. Year-to-date (YTD), OBDC shares are showing a performance of 32.23% which increased to 29.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.20 but also hit the highest price of $15.21 during that period. The average intraday trading volume for Blue Owl Capital Corp shares is 1.82 million. The stock is currently trading 1.16% above its 20-day simple moving average (SMA20), while that difference is up 5.79% for SMA50 and it goes to 11.70% higher than SMA200.

Blue Owl Capital Corp (NYSE: OBDC) currently have 392.48M outstanding shares and institutions hold larger chunk of about 41.74% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $5.85B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 7.36, while it has posted earnings per share of $2.04 in the same period. It has a debt-to-equity ratio of 1.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OBDC, volatility over the week remained 1.14% while standing at 0.97% over the month.

Analysts are in expectations that Blue Owl Capital Corp (OBDC) stock would likely to be making an EPS of $0.48 in the current quarter, while forecast for next quarter EPS is $0.47 and it is $1.88 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.46 which is $0.49 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.41 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 35.23% while it is estimated to decrease by -1.24% in next year.

Analysts at 12 brokerage firms have issued recommendations for the Blue Owl Capital Corp (OBDC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.42. Out of those 12 Wall Street analysts, 10 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on July 28, 2023 offering a Buy rating for the stock and assigned a target price of $15.25 to it.

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