Truist Financial Corp Reduces Position in Owl Rock Capital Co. (NYSE:ORCC)

Truist Financial Corp cut its holdings in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,015 shares of the technology company’s stock after selling 3,258 shares during the period. Truist Financial Corp’s holdings in Owl Rock Capital were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp boosted 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. Royal Bank of Canada boosted its position in Owl Rock Capital by 24.0% in 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 last quarter. Transcend Capital Advisors LLC boosted its position in Owl Rock Capital by 7.6% in 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 last quarter. Robert Wood Johnson Foundation boosted its position in Owl Rock Capital by 2.3% in 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 last quarter. Finally, Stephens Inc. AR boosted its position in Owl Rock Capital by 9.0% in the second quarter. Stephens Inc. AR now owns 3,139,142 shares of the technology company’s stock worth $38,706,000 after purchasing an additional 260,152 shares during the last quarter. 42.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Hovde Group dropped their target price on Owl Rock Capital to $12.50 in a research report on Wednesday, October 5th. Wells Fargo & Company raised their target price on Owl Rock Capital from $10.00 to $11.50 and gave the stock an “underweight” rating in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Owl Rock Capital Stock Up 0.6 %

NYSE ORCC opened at $13.00 on Tuesday. The stock’s 50-day moving average price is $12.44 and its 200-day moving average price is $12.37. 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 52 week low of $10.18 and a 52 week high of $15.33. The company has a market capitalization of $5.12 billion, a P/E ratio of 11.50 and a beta of 0.93.

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

Owl Rock Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.15%. The ex-dividend date of this dividend was Thursday, December 29th. This is an increase from Owl Rock Capital’s previous quarterly dividend of $0.31. Owl Rock Capital’s dividend payout ratio (DPR) is 116.81%.

About Owl Rock Capital

(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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