Raymond James & Associates Has $5.94 Million Stake in Owl Rock Capital Co. (NYSE:ORCC)

Raymond James & Associates boosted its holdings in Owl Rock Capital Co. (NYSE:ORCC – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 514,659 shares of the technology company’s stock after purchasing an additional 24,433 shares during the period. Raymond James & Associates’ holdings in Owl Rock Capital were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCC. Carmel Capital Partners LLC increased its position in shares of Owl Rock Capital by 14.8% in the fourth quarter. Carmel Capital Partners LLC now owns 122,926 shares of the technology company’s stock valued at $1,420,000 after acquiring an additional 15,819 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Owl Rock Capital by 2.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 454,207 shares of the technology company’s stock valued at $4,711,000 after buying an additional 10,714 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Owl Rock Capital by 49.7% in the fourth quarter. HB Wealth Management LLC now owns 352,319 shares of the technology company’s stock valued at $4,069,000 after buying an additional 116,969 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in Owl Rock Capital during the third quarter worth $3,128,000. Finally, Arete Wealth Advisors LLC bought a new stake in Owl Rock Capital during the fourth quarter worth $321,921,600,000. 42.21% of the stock is owned by institutional investors.

Owl Rock Capital Stock Performance

NYSE ORCC opened at $13.24 on Monday. The stock has a market cap of $5.16 billion, a PE ratio of 8.33 and a beta of 0.93. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50-day moving average of $12.64 and a 200-day moving average of $12.73. Owl Rock Capital Co. has a 52-week low of $10.18 and a 52-week high of $13.88.

Owl Rock Capital (NYSE:ORCC – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $350.51 million during the quarter, compared to analysts’ expectations of $328.22 million. Owl Rock Capital had a return on equity of 10.49% and a net margin of 47.45%. On average, sell-side analysts anticipate that Owl Rock Capital Co. will post 1.83 EPS for the current year.

Owl Rock Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date of this dividend is Thursday, June 29th. Owl Rock Capital’s dividend payout ratio is 83.02%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCC. LADENBURG THALM/SH SH decreased their price objective on shares of Owl Rock Capital from $15.50 to $15.00 in a research report on Friday, May 12th. TheStreet upgraded Owl Rock Capital from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of Owl Rock Capital in a research note on Monday, March 13th.

Insider Buying and Selling at Owl Rock Capital

In other news, Director Edward H. Dalelio acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $12.89 per share, with a total value of $38,670.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $38,670. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Owl Rock Capital Profile

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