Walleye Capital LLC Makes New $176,000 Investment in Owl Rock Capital Co. (NYSE:ORCC)

Walleye Capital LLC bought a new position in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) in the second quarter, HoldingsChannel.com reports. The firm bought 14,240 shares of the technology company’s stock, valued at approximately $176,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCC. Border to Coast Pensions Partnership Ltd acquired a new position in Owl Rock Capital during the 1st quarter worth $25,424,000. Van ECK Associates Corp raised its position in shares of Owl Rock Capital by 63.4% during the second quarter. Van ECK Associates Corp now owns 4,789,943 shares of the technology company’s stock valued at $59,060,000 after buying an additional 1,858,623 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Owl Rock Capital during the second quarter valued at about $19,056,000. Bank of America Corp DE raised its position in shares of Owl Rock Capital by 16.4% during the first 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 last quarter. Finally, Royal Bank of Canada raised its position in shares of Owl Rock Capital by 24.0% during the first 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 last quarter. Institutional investors and hedge funds own 43.85% of the company’s stock.

Owl Rock Capital Stock Performance

NYSE ORCC opened at $12.97 on Friday. The stock has a market cap of $5.11 billion, a P/E ratio of 11.48 and a beta of 0.91. The company’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $12.59. Owl Rock Capital Co. has a twelve month low of $10.18 and a twelve month high of $15.33. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.23.

Owl Rock Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be paid a $0.33 dividend. The ex-dividend date is Thursday, December 29th. This represents a $1.32 dividend on an annualized basis and a yield of 10.18%. This is a boost from Owl Rock Capital’s previous quarterly dividend of $0.31. Owl Rock Capital’s payout ratio is presently 109.73%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ORCC shares. JMP Securities cut their price objective on shares of Owl Rock Capital from $16.00 to $15.00 and set a “market outperform” rating for the company in a research report on Monday, August 8th. Wells Fargo & Company upped their price objective on shares of Owl Rock Capital from $10.00 to $11.50 and gave the company an “underweight” rating in a research report on Friday, November 4th. Compass Point cut their price objective on shares of Owl Rock Capital to $15.50 in a research report on Tuesday, August 9th. Hovde Group cut their price objective on shares of Owl Rock Capital to $12.50 in a research report on Wednesday, October 5th. Finally, Royal Bank of Canada lowered their target price on shares of Owl Rock Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Owl Rock Capital currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Insiders Place Their Bets

In other news, VP Alexis Maged acquired 29,595 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were 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 of the company’s stock, valued at $630,139.35. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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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