Raymond James & Associates Buys 22,046 Shares of Owl Rock Capital Co. (NYSE:ORCC)

Raymond James & Associates lifted its holdings in Owl Rock Capital Co. (NYSE:ORCC – Get Rating) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 490,226 shares of the technology company’s stock after acquiring an additional 22,046 shares during the period. Raymond James & Associates’ holdings in Owl Rock Capital were worth $5,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Key Financial Inc acquired a new position in shares of Owl Rock Capital in the second quarter valued at about $26,000. Citigroup Inc. acquired a new position in shares of Owl Rock Capital in the first quarter valued at about $38,000. Parkside Financial Bank & Trust acquired a new position in shares of Owl Rock Capital in the first quarter valued at about $42,000. Worth Asset Management LLC acquired a new position in shares of Owl Rock Capital in the first quarter valued at about $38,000. Finally, US Bancorp DE grew its stake in shares of Owl Rock Capital by 220.0% in the second quarter. US Bancorp DE now owns 4,800 shares of the technology company’s stock valued at $59,000 after acquiring an additional 3,300 shares in the last quarter. 42.21% of the stock is currently owned by institutional investors and hedge funds.

Owl Rock Capital Trading Down 0.5 %

Shares of Owl Rock Capital stock opened at $12.88 on Tuesday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 11.40 and a beta of 0.93. 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 Co. has a 12-month low of $10.18 and a 12-month high of $15.33. The firm’s 50-day moving average price is $12.46 and its two-hundred day moving average price is $12.36.

Owl Rock Capital (NYSE:ORCC – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Owl Rock Capital had a net margin of 39.58% and a return on equity of 9.11%. The company had revenue of $314.05 million for the quarter, compared to the consensus estimate of $289.70 million. On average, analysts forecast that Owl Rock Capital Co. will post 1.41 earnings per share for the current fiscal year.

Owl Rock Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.33 dividend. This is an increase from Owl Rock Capital’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date of this dividend was Thursday, December 29th. Owl Rock Capital’s dividend payout ratio (DPR) is presently 116.81%.

Analyst Ratings Changes

Several equities analysts recently commented on ORCC shares. Wells Fargo & Company upped their price target on shares of Owl Rock Capital from $10.00 to $11.50 and gave the company an “underweight” rating in a research note on Friday, November 4th. Hovde Group reduced their price objective on shares of Owl Rock Capital to $12.50 in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Owl Rock Capital currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Owl Rock Capital Company Profile

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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.