DnB Asset Management AS Buys 24,471 Shares of Owl Rock Capital Co. (NYSE:ORCC)

DnB Asset Management AS grew its stake in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) by 23.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 127,969 shares of the technology company’s stock after buying an additional 24,471 shares during the quarter. DnB Asset Management AS’s holdings in Owl Rock Capital were worth $1,578,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. InTrack Investment Management Inc lifted its holdings in shares of Owl Rock Capital by 1.2% during the first quarter. InTrack Investment Management Inc now owns 56,982 shares of the technology company’s stock worth $842,000 after purchasing an additional 700 shares during the period. Coastal Bridge Advisors LLC lifted its holdings in shares of Owl Rock Capital by 2.1% during the fourth quarter. Coastal Bridge Advisors LLC now owns 50,601 shares of the technology company’s stock worth $717,000 after purchasing an additional 1,020 shares during the period. Peak Financial Advisors LLC lifted its holdings in shares of Owl Rock Capital by 8.3% during the first quarter. Peak Financial Advisors LLC now owns 14,105 shares of the technology company’s stock worth $208,000 after purchasing an additional 1,078 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Owl Rock Capital by 2.5% during the first quarter. Arkadios Wealth Advisors now owns 48,019 shares of the technology company’s stock worth $710,000 after purchasing an additional 1,164 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of Owl Rock Capital by 1.7% during the first quarter. Mackenzie Financial Corp now owns 86,359 shares of the technology company’s stock worth $1,276,000 after purchasing an additional 1,483 shares during the period. Institutional investors own 43.85% of the company’s stock.

Owl Rock Capital Trading Down 0.7 %

ORCC opened at $12.12 on Thursday. Owl Rock Capital Co. has a 1-year low of $12.09 and a 1-year high of $15.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.24. The company has a market cap of $4.77 billion, a P/E ratio of 14.78 and a beta of 0.77. The company has a fifty day moving average price of $12.96 and a two-hundred day moving average price of $13.51.

Owl Rock Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, September 30th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 10.23%. The ex-dividend date is Thursday, September 29th. Owl Rock Capital’s dividend payout ratio (DPR) is currently 151.22%.

Wall Street Analyst Weigh In

ORCC has been the topic of a number of recent research reports. Royal Bank of Canada cut their price target on shares of Owl Rock Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, August 9th. Compass Point dropped their target price on shares of Owl Rock Capital to $15.50 in a report on Tuesday, August 9th. JMP Securities dropped their target price on shares of Owl Rock Capital from $16.00 to $15.00 and set a “market outperform” rating on the stock in a report on Monday, August 8th. Finally, Wells Fargo & Company dropped their target price on shares of Owl Rock Capital from $13.75 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.58.

Insider Buying and Selling at Owl Rock Capital

In related news, VP Alexis Maged purchased 29,595 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was purchased at an average cost of $13.01 per share, with a total value of $385,030.95. Following the completion of the purchase, the vice president now owns 48,435 shares in the company, valued at approximately $630,139.35. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Owl Rock Capital Company Profile

(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.

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

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