Q2 2023 Earnings Estimate for Owl Rock Capital Co. Issued By Zacks Research (NYSE:ORCC)

Owl Rock Capital Co. (NYSE:ORCC – Get Rating) – Stock analysts at Zacks Research raised their Q2 2023 earnings per share estimates for Owl Rock Capital in a report released on Wednesday, May 24th. Zacks Research analyst K. Dey now forecasts that the technology company will post earnings per share of $0.43 for the quarter, up from their previous forecast of $0.40. The consensus estimate for Owl Rock Capital’s current full-year earnings is $1.83 per share. Zacks Research also issued estimates for Owl Rock Capital’s Q3 2023 earnings at $0.44 EPS, Q4 2023 earnings at $0.44 EPS, Q1 2024 earnings at $0.41 EPS, Q2 2024 earnings at $0.40 EPS, Q3 2024 earnings at $0.40 EPS, FY2024 earnings at $1.61 EPS and Q1 2025 earnings at $0.39 EPS.

ORCC has been the topic of a number of other reports. LADENBURG THALM/SH SH cut their price target on Owl Rock Capital from $15.50 to $15.00 in a report on Friday, May 12th. TheStreet raised Owl Rock Capital from a “c+” rating to a “b-” rating in a research report on Tuesday, January 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $15.00 target price on shares of Owl Rock Capital in a research report on Monday, March 13th.

Owl Rock Capital Price Performance

Shares of ORCC opened at $13.33 on Friday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 8.38 and a beta of 0.93. Owl Rock Capital has a 1 year low of $10.18 and a 1 year high of $13.88. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average of $12.73 and a 200-day moving average of $12.74.

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, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $350.51 million during the quarter, compared to analyst estimates of $328.22 million. Owl Rock Capital had a net margin of 47.45% and a return on equity of 10.49%.

Owl Rock Capital Announces Dividend

The company also recently declared 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 9.90%. The ex-dividend date of this dividend is Thursday, June 29th. Owl Rock Capital’s dividend payout ratio (DPR) is presently 83.02%.

Insider Buying and Selling

In other news, Director Eric A. Kaye acquired 3,749 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average price of $13.34 per share, for a total transaction of $50,011.66. Following the completion of the acquisition, the director now owns 19,144 shares in the company, valued at $255,380.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Craig Packer acquired 75,600 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $13.23 per share, with a total value of $1,000,188.00. Following the completion of the acquisition, the chief executive officer now directly owns 300,716 shares of the company’s stock, valued at approximately $3,978,472.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric A. Kaye bought 3,749 shares of Owl Rock Capital stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost of $13.34 per share, with a total value of $50,011.66. Following the completion of the acquisition, the director now owns 19,144 shares of the company’s stock, valued at approximately $255,380.96. The disclosure for this purchase can be found here. Insiders have acquired 82,414 shares of company stock valued at $1,089,724 over the last ninety days. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Owl Rock Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carmel Capital Partners LLC lifted 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 worth $1,420,000 after buying an additional 15,819 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Owl Rock Capital by 2.4% during 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 period. Abundance Wealth Counselors grew its stake in Owl Rock Capital by 9.3% in the fourth quarter. Abundance Wealth Counselors now owns 30,377 shares of the technology company’s stock valued at $351,000 after purchasing an additional 2,592 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Owl Rock Capital by 26.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 444,151 shares of the technology company’s stock valued at $5,130,000 after purchasing an additional 91,928 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in 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 worth $4,069,000 after acquiring an additional 116,969 shares in the last quarter. Institutional investors own 42.21% of the company’s stock.

About Owl Rock Capital

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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.