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Blue Owl Capital Corp (OBDC) gets rating Reiterated from Hovde Group

In a filing, Blue Owl Capital Corp revealed its Director DAlelio Edward H acquired Company’s shares for reported $45210.0 on Mar 05 ’24. In the deal valued at $15.07 per share,3,000 shares were bought. As a result of this transaction, DAlelio Edward H now holds 6,217 shares worth roughly $95493.12.

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Hovde Group reiterated its Blue Owl Capital Corp [OBDC] rating to an Outperform in a research note published on May 10, 2024; the price target was $17. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. B. Riley Securities began covering OBDC with “Buy” recommendation on July 28, 2023. Wells Fargo revised its rating on July 25, 2022. It rated OBDC as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of OBDC

On Friday, Blue Owl Capital Corp [NYSE:OBDC] saw its stock fall -1.41% to $15.36. Over the last five days, the stock has lost -2.04%. Blue Owl Capital Corp shares have risen nearly 4.94% since the year began. Nevertheless, the stocks have risen 14.92% over the past one year. While a 52-week high of $16.91 was reached on 06/03/24, a 52-week low of $12.81 was recorded on 02/06/24. SMA at 50 days reached $16.14, while 200 days put it at $15.00.

Levels Of Support And Resistance For OBDC Stock

The 24-hour chart illustrates a support level at 15.27, which if violated will result in even more drops to 15.17. On the upside, there is a resistance level at 15.47. A further resistance level may holdings at 15.57. The Relative Strength Index (RSI) on the 14-day chart is 30.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.52%. Stochastics%K at 5.17% indicates the stock is a buying.

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