Owl Rock Capital Co. (NYSE:ORCC) Shares Sold by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC cut its holdings in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 622,255 shares of the technology company’s stock after selling 89,286 shares during the period. United Capital Financial Advisers LLC owned approximately 0.16% of Owl Rock Capital worth $7,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Key Financial Inc bought a new stake in Owl Rock Capital during the second quarter worth approximately $26,000. AGF Investments LLC bought a new position in shares of Owl Rock Capital in the first quarter valued at $38,000. Citigroup Inc. bought a new position in shares of Owl Rock Capital in the first quarter valued at $38,000. Worth Asset Management LLC bought a new position in shares of Owl Rock Capital in the first quarter valued at $38,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of Owl Rock Capital in the first quarter valued at $42,000. 43.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Hovde Group cut their target price on shares of Owl Rock Capital to $12.50 in a research note on Wednesday, October 5th. JMP Securities cut their target price on shares of Owl Rock Capital from $16.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Monday, August 8th. Compass Point cut their target price on shares of Owl Rock Capital to $15.50 in a research note on Tuesday, August 9th. Royal Bank of Canada cut their target price on shares of Owl Rock Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. Finally, Wells Fargo & Company boosted their target price on shares of Owl Rock Capital from $10.00 to $11.50 and gave the company an “underweight” rating in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.25.

Insider Activity

In related news, VP Alexis Maged purchased 29,595 shares of the stock in a transaction dated Friday, September 9th. The shares were acquired at an average cost of $13.01 per share, for a total transaction of $385,030.95. Following the acquisition, the vice president now directly owns 48,435 shares in the company, valued at approximately $630,139.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Owl Rock Capital Trading Up 0.2 %

Owl Rock Capital stock opened at $13.11 on Thursday. The company’s fifty day simple moving average is $11.79 and its 200-day simple moving average is $12.57. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.23. 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 $5.16 billion, a P/E ratio of 11.60 and a beta of 0.91.

Owl Rock Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be 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 annualized dividend and a dividend yield of 10.07%. The ex-dividend date is Thursday, December 29th. Owl Rock Capital’s payout ratio is currently 109.73%.

Owl Rock Capital Profile

(Get Rating)

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.

See Also

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

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