Brown Advisory Inc. Has $287,000 Holdings in Owl Rock Capital Co. (NYSE:ORCC)

Posted by Defense World Staff on Feb 25th, 2023

Brown Advisory Inc. raised its stake in Owl Rock Capital Co. (NYSE:ORCC – Get Rating) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,615 shares of the technology company’s stock after purchasing an additional 5,260 shares during the period. Brown Advisory Inc.’s holdings in Owl Rock Capital were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ORCC. Royal Bank of Canada lifted its holdings in shares of Owl Rock Capital by 24.0% during the 1st quarter. Royal Bank of Canada now owns 4,734,437 shares of the technology company’s stock worth $69,974,000 after acquiring an additional 916,815 shares during the period. First Republic Investment Management Inc. lifted its holdings in shares of Owl Rock Capital by 43.8% during the 1st quarter. First Republic Investment Management Inc. now owns 1,848,883 shares of the technology company’s stock worth $27,326,000 after acquiring an additional 563,308 shares during the period. Northern Right Capital Management L.P. bought a new position in shares of Owl Rock Capital during the 3rd quarter worth about $4,163,000. First Trust Advisors LP bought a new position in shares of Owl Rock Capital during the 1st quarter worth about $5,600,000. Finally, Partners Group Holding AG lifted its holdings in shares of Owl Rock Capital by 74.3% during the 2nd quarter. Partners Group Holding AG now owns 847,283 shares of the technology company’s stock worth $10,447,000 after acquiring an additional 361,204 shares during the period. 42.21% of the stock is owned by institutional investors.

Owl Rock Capital Trading Down 0.5 %

ORCC opened at $13.59 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $5.31 billion, a PE ratio of 11.52 and a beta of 0.97. Owl Rock Capital Co. has a 1-year low of $10.18 and a 1-year high of $15.33. The firm has a 50-day moving average price of $12.67 and a two-hundred day moving average price of $12.45.

Owl Rock Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 9.71%. The ex-dividend date of this dividend is Thursday, March 30th. Owl Rock Capital’s payout ratio is presently 111.86%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORCC. Wells Fargo & Company lifted their price target 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. TheStreet raised shares of Owl Rock Capital from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.25.

Owl Rock Capital Profile

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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.