Blue Owl Capital Corporation [OBDC] Investment Guide: What You Need to Know


Blue Owl Capital Corporation’s recent filing unveils that its Director Temple Chris acquired Company’s shares for reported $78470.0 on May 26. In the deal valued at $13.30 per share,5,900 shares were bought. As a result of this transaction, Temple Chris now holds 36,000 shares worth roughly $ 0.5 million.

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Then, Swatt Matthew bought 65 shares, generating $855 in total proceeds. Upon buying the shares at $13.15, the Co-Treasurer and Co-Controller now owns 2,379 shares.

Before that, Kaye Eric A. bought 3,749 shares. Blue Owl Capital Corporation shares valued at $50,012 were divested by the Director at a price of $13.34 per share. As a result of the transaction, Kaye Eric A. now holds 19,144 shares, worth roughly $0.27 million.

B. Riley Securities initiated its Blue Owl Capital Corporation [OBDC] rating to a Buy in a research note published on Friday, July 28, 2023; the price target was $15.25. PT values the company’s stock at a premium of 8.2 to its Friday closing price.

Price Performance Review of OBDC

On Friday, Blue Owl Capital Corporation [NYSE:OBDC] saw its stock jump 0.57% to $14.00. On the same session, the stock had its day’s lowest price of $13.99, but rose to a high of $14.08. Over the last five days, the stock has gained 3.46%. Blue Owl Capital Corporation shares have risen nearly 22.74% since the year began. Nevertheless, the stocks have risen 8.14% over the past one year. While a 52-week high of $14.25 was reached on 07/31/23, a 52-week low of $10.02 was recorded on 01/03/23. SMA at 50 days reached $13.79, while 200 days put it at $13.07.

Levels Of Support And Resistance For OBDC Stock

The 24-hour chart illustrates a support level at 13.97, which if violated will result in even more drops to 13.93. On the upside, there is a resistance level at 14.06. A further resistance level may holdings at 14.11. The Relative Strength Index (RSI) on the 14-day chart is 62.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.30%. Stochastics %K at 89.42% indicates the stock is a selling.

How much short interest is there in Blue Owl Capital Corporation?

A steep rise in short interest was recorded in Blue Owl Capital Corporation stocks on Aug 14, 2023, growing by 0.92 million shares to a total of 11.39 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 10.47 million shares. There was a rise of 8.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.83.

According to FactSet, Blue Owl Capital Corporation’s share price will average $15.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.55 percent from its previous closing price of $13.92. Analysts expect Blue Owl Capital Corporation stock to reach the higher price of $16.50, while the lowest price estimate is $13.50. However, 12 analysts have rated OBDC stock as a Buy in their predictions for 2023.


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