Russell Investments Group Ltd. acquired a new stake in shares of Owl Rock Capital Co. (NYSE:ORCC – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 83,572 shares of the technology company’s stock, valued at approximately $969,000.
Several other large investors also recently bought and sold shares of the business. Carmel Capital Partners LLC boosted its holdings in Owl Rock Capital by 14.8% in the 4th quarter. Carmel Capital Partners LLC now owns 122,926 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 15,819 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in 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 purchasing an additional 10,714 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Owl Rock Capital by 49.7% in the 4th quarter. HB Wealth Management LLC now owns 352,319 shares of the technology company’s stock valued at $4,069,000 after purchasing an additional 116,969 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in Owl Rock Capital in the 4th quarter valued at about $321,921,600,000. Finally, Catalyst Wealth Management LLC acquired a new position in Owl Rock Capital in the 4th quarter valued at about $271,000. Hedge funds and other institutional investors own 42.21% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of Owl Rock Capital in a report on Monday, March 13th. LADENBURG THALM/SH SH decreased their price objective on shares of Owl Rock Capital from $15.50 to $15.00 in a report on Friday, May 12th. Finally, TheStreet upgraded shares of Owl Rock Capital from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st.
Owl Rock Capital Price Performance
Owl Rock Capital (NYSE:ORCC – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Owl Rock Capital had a net margin of 47.45% and a return on equity of 10.49%. The company had revenue of $350.51 million for the quarter, compared to the consensus estimate of $328.22 million. On average, research analysts forecast that Owl Rock Capital Co. will post 1.83 earnings per share for the current fiscal 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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date of this dividend is Thursday, June 29th. Owl Rock Capital’s dividend payout ratio is presently 83.02%.
Insider Activity at Owl Rock Capital
In related news, Director Eric A. Kaye bought 3,749 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were purchased at an average cost of $13.34 per share, with a total value of $50,011.66. Following the transaction, the director now directly owns 19,144 shares of the company’s stock, valued at approximately $255,380.96. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Owl Rock Capital news, CEO Craig Packer purchased 75,600 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $13.23 per share, for a total transaction of $1,000,188.00. Following the purchase, the chief executive officer now directly owns 300,716 shares in the company, valued at $3,978,472.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric A. Kaye purchased 3,749 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were acquired at an average price of $13.34 per share, with a total value of $50,011.66. Following the purchase, the director now owns 19,144 shares in the company, valued at $255,380.96. The disclosure for this purchase can be found here. Insiders have purchased 82,349 shares of company stock valued at $1,088,870 in the last ninety days. Insiders own 0.10% of the company’s stock.
Owl Rock Capital Company Profile
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.
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