First Republic Investment Management Inc. Acquires 89,526 Shares of Owl Rock Capital Co. (NYSE:ORCC)

First Republic Investment Management Inc. increased its holdings in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,981,594 shares of the technology company’s stock after acquiring an additional 89,526 shares during the period. First Republic Investment Management Inc.’s holdings in Owl Rock Capital were worth $20,549,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ORCC. NewEdge Advisors LLC lifted its stake in shares of Owl Rock Capital by 12.7% in the second quarter. NewEdge Advisors LLC now owns 106,694 shares of the technology company’s stock worth $1,316,000 after buying an additional 11,995 shares in the last quarter. Graypoint LLC lifted its stake in shares of Owl Rock Capital by 21.9% in the second quarter. Graypoint LLC now owns 221,927 shares of the technology company’s stock worth $2,736,000 after buying an additional 39,808 shares in the last quarter. Delta Investment Management LLC lifted its stake in shares of Owl Rock Capital by 9.6% in the third quarter. Delta Investment Management LLC now owns 30,121 shares of the technology company’s stock worth $312,000 after buying an additional 2,648 shares in the last quarter. Barnett & Company Inc. lifted its stake in shares of Owl Rock Capital by 33.6% in the second quarter. Barnett & Company Inc. now owns 91,750 shares of the technology company’s stock worth $1,131,000 after buying an additional 23,100 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of Owl Rock Capital by 57.4% in the second quarter. Alps Advisors Inc. now owns 96,800 shares of the technology company’s stock worth $1,194,000 after buying an additional 35,300 shares in the last quarter. Institutional investors own 42.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Owl Rock Capital from $10.00 to $11.50 and gave the company an “underweight” rating in a report on Friday, November 4th. Hovde Group decreased their price objective on shares of Owl Rock Capital to $12.50 in a report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Owl Rock Capital Stock Down 0.2 %

Shares of ORCC stock opened at $12.97 on Wednesday. Owl Rock Capital Co. has a 12 month low of $10.18 and a 12 month high of $15.33. The stock has a market cap of $5.11 billion, a P/E ratio of 11.48 and a beta of 0.94. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.23. The company has a 50 day simple moving average of $12.44 and a two-hundred day simple moving average of $12.37.

Owl Rock Capital (NYSE:ORCCGet Rating) last announced its earnings results on Wednesday, November 2nd. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Owl Rock Capital had a net margin of 39.58% and a return on equity of 9.11%. The business had revenue of $314.05 million during the quarter, compared to analysts’ expectations of $289.70 million. On average, research analysts expect that Owl Rock Capital Co. will post 1.41 earnings per share for the current year.

Owl Rock Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.33 per share. This is a boost from Owl Rock Capital’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date was Thursday, December 29th. Owl Rock Capital’s dividend payout ratio is currently 116.81%.

Owl Rock Capital Company Profile

(Get Rating)

Owl Rock Capital Corp non traded business development company seeks investment opportunities in middle market companies located in the US with an EBITDA of $10 to $250 million and annual revenue of $50 million to $2.5 billion. The fund focuses on broad range of sectors including business services, healthcare services, pharma & healthcare technology, aerospace & defence, software & technology and manufacturing & industrials.

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Institutional Ownership by Quarter for Owl Rock Capital (NYSE:ORCC)

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