Owl Rock Capital Co. (NYSE:ORCC) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management lifted its stake in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) by 7.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 56,083 shares of the technology company’s stock after purchasing an additional 4,130 shares during the quarter. Brookstone Capital Management’s holdings in Owl Rock Capital were worth $712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Enstar Group LTD raised its position in shares of Owl Rock Capital by 4,616.7% during the 1st quarter. Enstar Group LTD now owns 3,865,455 shares of the technology company’s stock valued at $57,131,000 after buying an additional 3,783,502 shares during the period. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of Owl Rock Capital during the 1st quarter valued at approximately $25,424,000. Bank of America Corp DE raised its position in shares of Owl Rock Capital by 16.4% during the 1st quarter. Bank of America Corp DE now owns 7,901,756 shares of the technology company’s stock valued at $116,788,000 after buying an additional 1,114,470 shares during the period. Royal Bank of Canada raised its position in shares of Owl Rock Capital by 24.0% during the 1st quarter. Royal Bank of Canada now owns 4,734,437 shares of the technology company’s stock valued at $69,974,000 after buying an additional 916,815 shares during the period. Finally, Invesco Ltd. raised its position in shares of Owl Rock Capital by 198.0% during the 4th quarter. Invesco Ltd. now owns 1,317,313 shares of the technology company’s stock valued at $18,653,000 after buying an additional 875,252 shares during the period. 43.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Owl Rock Capital Trading Down 3.8 %

Shares of Owl Rock Capital stock opened at $11.66 on Friday. The company has a fifty day simple moving average of $12.94 and a 200-day simple moving average of $13.49. Owl Rock Capital Co. has a 12-month low of $11.65 and a 12-month 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 stock has a market cap of $4.59 billion, a price-to-earnings ratio of 14.22 and a beta of 0.77.

Owl Rock Capital Announces Dividend

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. This represents a $1.24 annualized dividend and a dividend yield of 10.63%. The ex-dividend date of this dividend is Thursday, September 29th. Owl Rock Capital’s payout ratio is 151.22%.

Insider Activity

In other Owl Rock Capital news, VP Alexis Maged purchased 29,595 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The stock was purchased at an average price of $13.01 per share, for a total transaction of $385,030.95. Following the purchase, the vice president now directly owns 48,435 shares in the company, valued at $630,139.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Owl Rock Capital 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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