Victory Capital Management Inc. cut its holdings in shares of Owl Rock Capital Co. (NYSE:ORCC) by 18.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,830 shares of the technology company’s stock after selling 10,994 shares during the period. Victory Capital Management Inc.’s holdings in Owl Rock Capital were worth $689,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC boosted its position in shares of Owl Rock Capital by 33.3% during the third quarter. FNY Investment Advisers LLC now owns 4,000 shares of the technology company’s stock worth $56,000 after buying an additional 1,000 shares during the period. Fifth Third Bancorp acquired a new position in shares of Owl Rock Capital during the third quarter worth approximately $99,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Owl Rock Capital during the third quarter worth approximately $111,000. Dark Forest Capital Management LP acquired a new position in shares of Owl Rock Capital during the second quarter worth approximately $136,000. Finally, AJ Wealth Strategies LLC acquired a new position in shares of Owl Rock Capital during the third quarter worth approximately $141,000. Institutional investors and hedge funds own 43.09% of the company’s stock.
In related news, Director Melissa Weiler acquired 10,000 shares of the business’s stock in a transaction dated Monday, November 8th. The stock was bought at an average price of $14.71 per share, for a total transaction of $147,100.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.
ORCC opened at $14.52 on Friday. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 9.08 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.35 and a quick ratio of 3.35. Owl Rock Capital Co. has a 1-year low of $12.79 and a 1-year high of $14.97. The business has a 50 day moving average price of $14.29 and a two-hundred day moving average price of $14.40.
Owl Rock Capital (NYSE:ORCC) last released its earnings results on Wednesday, November 3rd. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $269.19 million during the quarter, compared to the consensus estimate of $258.76 million. Owl Rock Capital had a return on equity of 8.03% and a net margin of 65.71%. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities analysts expect that Owl Rock Capital Co. will post 1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Friday, December 31st will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, December 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.54%. Owl Rock Capital’s dividend payout ratio (DPR) is presently 77.50%.
Owl Rock Capital Company Profile
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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