Raymond James has recently reduced Blue Owl Capital Corp (OBDC) stock to Mkt Perform rating, as announced on August 9, 2024, according to Finviz. Earlier, on May 10, 2024, Hovde Group had reiterated the stock to Outperform, setting a price target of $17 for OBDC stock. B. Riley Securities also reduced Neutral rating with a price target of $15.50. Additionally, B. Riley Securities initiated Buy rating on July 28, 2023, with a target price of $15.25. Wells Fargo analysts, in their report published on July 25, 2022, also reduced Underweight rating and set a price target of $13.75 for Blue Owl Capital Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Blue Owl Capital Corp (OBDC) Stock Trading Recap
On Monday, Blue Owl Capital Corp (OBDC) stock saw a decline, ending the day at $14.57 which represents a decrease of $-0.43 or -2.87% from the prior close of $15. The stock opened at $14.78 and touched a low of $14.51 during the day, reaching a high of $14.86. The volume of shares traded was 2.90 million exceeding the average volume of 1.99 million.
OBDC Stock Performance and Moving Averages
In recent trading, Blue Owl Capital Corp (OBDC) stock price has shown some volatility, fluctuating -2.54% over the last five trades and -3.12% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -3.98%, and it has plunged by -4.95% in the previous three months. Currently, OBDC is trading at -1.79%, -1.96%, and -4.32% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, OBDC, a Financial sector stock, is trading -13.49% below its 52-week high but remains 14.17% above its 52-week low. The Average True Range (ATR) (14 days) of 0.21 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Blue Owl Capital Corp’s Profitability and Valuation Ratios
Blue Owl Capital Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 72.61% and a profit margin of 43.74%, with a gross margin of -3.98%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Blue Owl Capital Corp’s market capitalization stands at $5.69 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 8.11, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 8.41. Additionally, the Price-to-Sales Ratio is 3.55, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.95, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 7.00% of Blue Owl Capital Corp (OBDC)’s shares, while financial institutions hold 42.52%.
