Capital Advisors Ltd. LLC Buys Shares of 11,000 Owl Rock Capital Co. (NYSE:ORCC)

Capital Advisors Ltd. LLC purchased a new position in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,000 shares of the technology company’s stock, valued at approximately $163,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCC. Perennial Investment Advisors LLC increased its holdings in Owl Rock Capital by 17.6% in the first quarter. Perennial Investment Advisors LLC now owns 194,476 shares of the technology company’s stock valued at $2,869,000 after buying an additional 29,121 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Owl Rock Capital by 8.6% in the 1st quarter. Brown Advisory Inc. now owns 21,475 shares of the technology company’s stock worth $309,000 after purchasing an additional 1,700 shares during the last quarter. Forefront Analytics LLC lifted its stake in Owl Rock Capital by 2.1% in the first quarter. Forefront Analytics LLC now owns 119,827 shares of the technology company’s stock valued at $1,771,000 after buying an additional 2,504 shares during the last quarter. Tectonic Advisors LLC grew its position in Owl Rock Capital by 21.9% in the 1st quarter. Tectonic Advisors LLC now owns 94,137 shares of the technology company’s stock worth $1,391,000 after purchasing an additional 16,940 shares during the last quarter. Finally, Camden Capital LLC grew its holdings in Owl Rock Capital by 21.9% in the 1st quarter. Camden Capital LLC now owns 260,131 shares of the technology company’s stock worth $3,845,000 after buying an additional 46,664 shares in the last quarter. Institutional investors own 42.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ORCC. Wells Fargo & Company decreased their target price on Owl Rock Capital from $13.75 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday. Hovde Group lowered their price objective on Owl Rock Capital to $14.00 in a report on Friday, May 20th.

Insider Transactions at Owl Rock Capital

In other news, Director Melissa Weiler purchased 8,000 shares of the stock in a transaction on Tuesday, May 24th. The stock was purchased at an average price of $12.63 per share, for a total transaction of $101,040.00. Following the acquisition, the director now owns 28,000 shares in the company, valued at $353,640. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Owl Rock Capital Price Performance

Shares of ORCC stock opened at $13.14 on Friday. Owl Rock Capital Co. has a 12-month low of $12.09 and a 12-month high of $15.33. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 16.02 and a beta of 0.79. The firm has a fifty day moving average of $12.82 and a 200-day moving average of $13.88.

Owl Rock Capital (NYSE:ORCCGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Owl Rock Capital had a return on equity of 8.75% and a net margin of 29.95%. The firm had revenue of $264.16 million for the quarter, compared to analyst estimates of $272.74 million. On average, equities research analysts forecast that Owl Rock Capital Co. will post 1.27 earnings per share for the current year.

Owl Rock Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, September 30th will be issued a $0.31 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.44%. Owl Rock Capital’s dividend payout ratio (DPR) is currently 151.22%.

About Owl Rock Capital

(Get Rating)

Owl Rock Capital Corporation is a business development company. The fund makes investments in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments and common equity investments.

Read More

Want to see what other hedge funds are holding ORCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owl Rock Capital Co. (NYSE:ORCCGet Rating).

Institutional Ownership by Quarter for Owl Rock Capital (NYSE:ORCC)

Receive News & Ratings for Owl Rock Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owl Rock Capital and related companies with MarketBeat.com's FREE daily email newsletter.