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Keefe Bruyette gives an Underperform recommendation for Blue Owl Capital Corp (OBDC)

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Blue Owl Capital Corp’s recent filing unveils that its Director DAlelio Edward H acquired Company’s shares for reported $37550.0 on Aug 27 ’24. In the deal valued at $15.02 per share,2,500 shares were bought. As a result of this transaction, DAlelio Edward H now holds 9,016 shares worth roughly $0.14 million.

Then, Nicholson Logan bought 7,500 shares, generating $109,950 in total proceeds. Upon buying the shares at $14.66, the President now owns 10,000 shares.

Before that, Nicholson Logan bought 2,500 shares. Blue Owl Capital Corp shares valued at $36,650 were divested by the President at a price of $14.66 per share. As a result of the transaction, Nicholson Logan now holds 2,500 shares, worth roughly $38475.0.

Keefe Bruyette downgraded its Blue Owl Capital Corp [OBDC] rating to an Underperform from a a Mkt perform in a research note published on December 12, 2024; the price target was decreased to $14 from $15.50. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Mkt perform”. Hovde Group also remained covering OBDC and reiterated its “an Outperform” recommendation on May 10, 2024. B. Riley Securities revised its rating on January 08, 2024. It rated OBDC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of OBDC

On Friday, Blue Owl Capital Corp [NYSE:OBDC] saw its stock fall -0.26% to $15.39. Blue Owl Capital Corp shares have risen nearly 1.79% since the year began. Nevertheless, the stocks have risen 4.22% over the past one year. While a 52-week high of $16.79 was reached on 02/21/25, a 52-week low of $13.88 was recorded on 01/13/25. SMA at 50 days reached $15.13, while 200 days put it at $15.27.

Levels Of Support And Resistance For OBDC Stock

The 24-hour chart illustrates a support level at 15.20, which if violated will result in even more drops to 15.00. On the upside, there is a resistance level at 15.53. A further resistance level may holdings at 15.66. The Relative Strength Index (RSI) on the 14-day chart is 57.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.48%. Stochastics %K at 69.88% indicates the stock is a holding.

The most recent change occurred on July 28, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $15.25 price target.

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