Wipfli Financial Advisors LLC Acquires Shares of 3,000 Owl Rock Capital Co. (NYSE:ORCC)

Wipfli Financial Advisors LLC bought a new stake in Owl Rock Capital Co. (NYSE:ORCCGet Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the technology company’s stock, valued at approximately $32,000.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of Owl Rock Capital by 16.4% in 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 acquiring an additional 1,114,470 shares during the period. Van ECK Associates Corp lifted its position in 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 worth $59,060,000 after purchasing an additional 1,858,623 shares during the period. Royal Bank of Canada lifted its position in 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 worth $69,974,000 after purchasing an additional 916,815 shares during the period. Transcend Capital Advisors LLC lifted its position in Owl Rock Capital by 7.6% during the third quarter. Transcend Capital Advisors LLC now owns 4,388,733 shares of the technology company’s stock worth $45,511,000 after purchasing an additional 308,738 shares during the period. Finally, Robert Wood Johnson Foundation lifted its position in Owl Rock Capital by 2.3% during the second quarter. Robert Wood Johnson Foundation now owns 4,218,864 shares of the technology company’s stock worth $52,019,000 after purchasing an additional 95,662 shares during the period. Institutional investors own 42.21% of the company’s stock.

Owl Rock Capital Stock Down 0.9 %

Shares of NYSE ORCC opened at $12.79 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.23. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 11.32 and a beta of 0.93. Owl Rock Capital Co. has a 12 month low of $10.18 and a 12 month high of $15.33. The stock has a 50-day moving average price of $12.45 and a two-hundred day moving average price of $12.37.

Owl Rock Capital (NYSE:ORCCGet Rating) last issued its earnings results on Wednesday, November 2nd. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Owl Rock Capital had a return on equity of 9.11% and a net margin of 39.58%. The firm had revenue of $314.05 million during the quarter, compared to the consensus estimate of $289.70 million. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.33 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.32 annualized dividend and a dividend yield of 10.32%. This is an increase from Owl Rock Capital’s previous quarterly dividend of $0.31. Owl Rock Capital’s dividend payout ratio is currently 116.81%.

Analysts Set New Price Targets

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

Owl Rock Capital Company Profile

(Get Rating)

Owl Rock Capital Corp non traded business development company seeks investment opportunities in middle market companies located in the US with an EBITDA of $10 to $250 million and annual revenue of $50 million to $2.5 billion. The fund focuses on broad range of sectors including business services, healthcare services, pharma & healthcare technology, aerospace & defence, software & technology and manufacturing & industrials.

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

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