Owl Rock Capital (NYSE:ORCC) Rating Lowered to Underperform at Wells Fargo & Co

Wells Fargo & Co cut shares of Owl Rock Capital (NYSE:ORCC) from a market perform rating to an underperform rating in a research report report published on Tuesday morning, Briefing.com Automated Import reports. Wells Fargo & Co currently has $16.00 target price on the technology company’s stock, down from their previous target price of $16.50. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently commented on ORCC. Janney Montgomery Scott initiated coverage on shares of Owl Rock Capital in a research note on Thursday, August 29th. They set a neutral rating and a $16.00 price target on the stock. Compass Point began coverage on shares of Owl Rock Capital in a research note on Thursday, July 18th. They issued a neutral rating for the company. Deutsche Bank assumed coverage on shares of Owl Rock Capital in a report on Tuesday, August 13th. They set a buy rating and a $17.50 target price on the stock. Raymond James downgraded Owl Rock Capital from an outperform rating to a market perform rating in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. Finally, SunTrust Banks set a $18.00 target price on Owl Rock Capital and gave the stock a buy rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Owl Rock Capital has a consensus rating of Hold and a consensus price target of $16.72.

Shares of ORCC traded up $0.20 during trading hours on Tuesday, hitting $17.70. The company’s stock had a trading volume of 156,093 shares, compared to its average volume of 216,925. The company has a 50 day moving average price of $16.72. Owl Rock Capital has a 52-week low of $15.02 and a 52-week high of $18.15. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.42.

In other news, Director Chris Temple bought 10,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $17.45 per share, with a total value of $183,225.00. Corporate insiders own 5.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Stephens Inc. AR purchased a new position in Owl Rock Capital during the third quarter worth about $1,190,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Owl Rock Capital in the 3rd quarter valued at about $656,000. State of New Jersey Common Pension Fund E purchased a new stake in shares of Owl Rock Capital in the 3rd quarter valued at about $450,652,000. Kovack Advisors Inc. bought a new stake in shares of Owl Rock Capital during the 3rd quarter valued at about $312,000. Finally, Kayne Anderson Capital Advisors LP bought a new stake in shares of Owl Rock Capital during the 3rd quarter valued at about $2,364,000. 9.31% of the stock is owned by institutional investors.

About Owl Rock Capital

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. It seeks to invest in middle market companies based in the United States, with EBITDA between $10 million and $250 million annually and/or annual revenue of $50 million and $2.5 billion at the time of investment.

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Analyst Recommendations for Owl Rock Capital (NYSE:ORCC)

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