Owl Rock Capital (ORCC) will release its results on Wednesday

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Owl Capital (NYSE: ORCCGet a rating) will release earnings data after market close on Wednesday, May 4. Analysts expect Owl Rock Capital to post earnings of $0.33 per share for the quarter. Investors wishing to participate in the company’s conference call can do so using this link.

Owl Capital (NYSE: ORCCGet a rating) last released its quarterly results on Wednesday, February 23. The technology company reported earnings per share of $0.35 for the quarter. Owl Rock Capital had a net margin of 61.18% and a return on equity of 8.36%. The company posted revenue of $281.62 million for the quarter, versus analyst estimates of $267.01 million. In the same period last year, the company earned $0.29 per share. On average, analysts expect Owl Rock Capital to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.

ORCC opened at $14.31 on Wednesday. The company has a debt ratio of 1.19, a current ratio of 1.62 and a quick ratio of 1.62. The company’s 50-day moving average is $14.78 and its 200-day moving average is $14.54. Owl Rock Capital has a fifty-two week low of $13.47 and a fifty-two week high of $15.33. The company has a market capitalization of $5.66 billion, a P/E ratio of 9.06 and a beta of 0.86.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 13. Investors of record on Thursday, March 31 will receive a dividend of $0.31 per share. This represents a dividend of $1.24 on an annualized basis and a dividend yield of 8.67%. The ex-dividend date is Wednesday, March 30. Owl Rock Capital’s payout ratio is currently 78.48%.

A number of institutional investors have recently increased or reduced their stake in ORCC. Visionary Wealth Advisors increased its holdings of Owl Rock Capital shares by 4.7% in the fourth quarter. Visionary Wealth Advisors now owns 22,410 shares of the technology company worth $317,000 after acquiring an additional 1,000 shares during the period. Cetera Investment Advisers increased its holdings of Owl Rock Capital shares by 4.2% in the fourth quarter. Cetera Investment Advisers now owns 29,423 shares of the technology company worth $417,000 after acquiring 1,175 additional shares during the period. Bank of New York Mellon Corp increased its holdings of Owl Rock Capital shares by 15.6% in the third quarter. Bank of New York Mellon Corp now owns 18,563 shares of the technology company worth $262,000 after acquiring 2,509 additional shares during the period. Jane Street Group LLC increased its holdings of Owl Rock Capital shares by 55.2% in the third quarter. Jane Street Group LLC now owns 18,089 shares of the technology company worth $255,000 after acquiring an additional 6,431 shares during the period. Finally, Strategic Wealth Advisors Group LLC increased its holdings of Owl Rock Capital shares by 34.7% in the fourth quarter. Strategic Wealth Advisors Group LLC now owns 28,015 shares of the technology company worth $399,000 after acquiring an additional 7,212 shares during the period. Institutional investors and hedge funds own 42.33% of the company’s shares.

A number of research analysts have recently weighed in on ORCC shares. Hovde Group assumed coverage of Owl Rock Capital shares in a Monday, March 7 research report. They attached a “market performance” rating to the stock. Raymond James raised his price target on Owl Rock Capital shares from $15.50 to $16.00 and gave the stock an “outperform” rating in a Friday, Feb. 25 research report.

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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