DNB Asset Management AS bought a new equity position in Owl Rock Capital Co. (NYSE: ORCC – Get a rating) during the 1st trimester, HoldingsChannel reports. The institutional investor bought 103,498 shares of the tech company, valued at around $1,530,000.
Other large investors also bought and sold shares of the company. Sound Income Strategies LLC increased its position in Owl Rock Capital by 68.7% during the 4th quarter. Sound Income Strategies LLC now owns 2,603 shares of the technology company worth $37,000 after purchasing an additional 1,060 shares during the period. PARK CIRCLE Co acquired a new stake in Owl Rock Capital during Q4 worth approximately $89,000. SG Americas Securities LLC acquired a new stake in Owl Rock Capital during the 4th quarter for a value of approximately $119,000. Samalin Investment Counsel LLC increased its position in Owl Rock Capital by 53.6% during the 4th quarter. Samalin Investment Counsel LLC now owns 10,446 shares of the technology company worth $148,000 after purchasing 3,646 additional shares during the period. Finally, CAPROCK Group Inc. acquired a new stake in Owl Rock Capital during the 4th quarter at a value of approximately $152,000. Institutional investors and hedge funds hold 42.26% of the company’s shares.
Separately, Hovde Group lowered its price target on Owl Rock Capital shares to $14.00 in a Friday, May 20 research report.
Shares of NYSE ORCC opened at $12.70 on Friday. The company has a market capitalization of $5.01 billion, a P/E ratio of 9.85 and a beta of 0.82. Owl Rock Capital Co. has a 52-week low of $12.09 and a 52-week high of $15.33. The company has a debt ratio of 1.20, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50-day moving average price is $13.53 and its 200-day moving average price is $14.23.
Owl Capital (NYSE: ORCC – Get a rating) last released its quarterly results on Wednesday, May 4. The tech company reported earnings per share (EPS) of $0.31 for the quarter, missing analyst consensus estimates of $0.33 per ($0.02). The company posted revenue of $264.16 million in the quarter, versus analyst estimates of $272.74 million. Owl Rock Capital had a return on equity of 8.67% and a net margin of 48.03%. Analysts expect Owl Rock Capital Co. to post 1.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.31. The ex-dividend date is Wednesday, June 29. This represents a dividend of $1.24 on an annualized basis and a dividend yield of 9.76%. Owl Rock Capital’s dividend payout ratio (DPR) is currently 96.12%.
In related news, the director Melissa Weiler acquired 8,000 shares in a transaction dated Tuesday, May 24. The stock was purchased at an average price of $12.63 per share, for a total transaction of $101,040.00. Following the purchase, the director now directly owns 28,000 shares of the company, valued at approximately $353,640. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Insiders hold 0.11% of the company’s shares.
About Owl Rock Capital (Get a rating)
Owl Rock Capital Corporation is a business development company. The fund invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-linked securities including warrants and preferred shares, also pursues investments in preferred shares and investments in common stock.
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