Owl Rock Capital Co. (NYSE:ORCC) Holdings Boosted by Commonwealth Equity Services LLC

Posted by Defense World Staff on Mar 9th, 2023

Commonwealth Equity Services LLC raised its position in shares of Owl Rock Capital Co. (NYSE:ORCC – Get Rating) by 23.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 383,132 shares of the technology company’s stock after purchasing an additional 71,517 shares during the quarter. Commonwealth Equity Services LLC owned 0.10% of Owl Rock Capital worth $3,973,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Wipfli Financial Advisors LLC purchased a new position in Owl Rock Capital during the 3rd quarter valued at about $32,000. Tower Research Capital LLC TRC increased its stake in Owl Rock Capital by 791.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,565 shares of the technology company’s stock valued at $37,000 after buying an additional 3,165 shares during the period. Citigroup Inc. acquired a new position in Owl Rock Capital in the 1st quarter valued at approximately $38,000. Worth Asset Management LLC purchased a new stake in Owl Rock Capital in the 1st quarter worth approximately $38,000. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of Owl Rock Capital during the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 42.21% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Owl Rock Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Owl Rock Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.90.

Owl Rock Capital Trading Up 0.2 %

NYSE:ORCC opened at $13.44 on Thursday. The company’s 50 day moving average is $12.95 and its 200-day moving average is $12.44. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.24. Owl Rock Capital Co. has a 12 month low of $10.18 and a 12 month high of $15.33. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 11.39 and a beta of 0.95.

Owl Rock Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.32 annualized dividend and a yield of 9.82%. Owl Rock Capital’s dividend payout ratio (DPR) is presently 111.86%.

Owl Rock Capital Company Profile

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