Owl Rock Capital (NYSE:ORCC) Reaches New 52-Week Low at $13.42

Owl Rock Capital Co. (NYSE:ORCC – Get Rating) shares reached a new 52-week low on Thursday . The company traded as low as $13.42 and last traded at $13.48, with a volume of 144426 shares. The stock had previously closed at $14.63.

A number of equities research analysts recently weighed in on ORCC shares. Hovde Group began coverage on shares of Owl Rock Capital in a research note on Monday, March 7th. They set a “market perform” rating for the company. Raymond James upped their target price on shares of Owl Rock Capital from $15.50 to $16.00 and gave the company an “outperform” rating in a research note on Friday, February 25th.

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $5.37 billion, a P/E ratio of 8.59 and a beta of 0.81. The company’s 50 day simple moving average is $14.75 and its 200 day simple moving average is $14.54.

Owl Rock Capital (NYSE:ORCC – Get Rating) last issued its earnings results on Wednesday, February 23rd. The technology company reported $0.35 EPS for the quarter. Owl Rock Capital had a net margin of 61.18% and a return on equity of 8.36%. The firm had revenue of $281.62 million during the quarter, compared to the consensus estimate of $267.01 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, equities research analysts predict that Owl Rock Capital Co. will post 1.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Thursday, March 31st will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.14%. The ex-dividend date of this dividend is Wednesday, March 30th. Owl Rock Capital’s dividend payout ratio is 78.48%.

Several hedge funds have recently modified their holdings of ORCC. Morgan Stanley increased its position in shares of Owl Rock Capital by 54.5% during the second quarter. Morgan Stanley now owns 2,100,205 shares of the technology company’s stock worth $29,970,000 after acquiring an additional 740,900 shares in the last quarter. Raymond James & Associates boosted its holdings in Owl Rock Capital by 55.5% during the third quarter. Raymond James & Associates now owns 299,096 shares of the technology company’s stock worth $4,223,000 after purchasing an additional 106,807 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Owl Rock Capital by 6.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 26,020 shares of the technology company’s stock worth $367,000 after purchasing an additional 1,619 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in Owl Rock Capital by 9.4% during the third quarter. Advisor Group Holdings Inc. now owns 361,707 shares of the technology company’s stock worth $5,107,000 after purchasing an additional 30,960 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in Owl Rock Capital by 84.3% during the third quarter. Truist Financial Corp now owns 32,928 shares of the technology company’s stock worth $465,000 after purchasing an additional 15,058 shares during the last quarter. 42.26% of the stock is owned by institutional investors.

Owl Rock Capital Company Profile (NYSE:ORCC)

Owl Rock Capital Corporation is a business development company. The fund makes investments in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments and common equity investments.

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