Owl Rock Capital Co. (NYSE:ORCC) has earned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.39.
Several research analysts have recently issued reports on ORCC shares. Royal Bank of Canada raised shares of Owl Rock Capital from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $13.50 to $15.00 in a research note on Thursday, March 4th. Janney Montgomery Scott raised shares of Owl Rock Capital from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, February 24th. Oppenheimer began coverage on shares of Owl Rock Capital in a research note on Wednesday, March 31st. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Raymond James reissued a “buy” rating on shares of Owl Rock Capital in a research note on Wednesday, December 23rd.
A number of institutional investors and hedge funds have recently made changes to their positions in ORCC. FNY Investment Advisers LLC acquired a new stake in shares of Owl Rock Capital in the fourth quarter valued at approximately $27,000. AdvisorNet Financial Inc acquired a new stake in shares of Owl Rock Capital in the fourth quarter valued at approximately $74,000. Arkadios Wealth Advisors acquired a new stake in shares of Owl Rock Capital in the fourth quarter valued at approximately $91,000. Clear Street Markets LLC acquired a new stake in shares of Owl Rock Capital in the fourth quarter valued at approximately $127,000. Finally, PAX Financial Group LLC acquired a new stake in shares of Owl Rock Capital in the fourth quarter valued at approximately $128,000. 41.46% of the stock is currently owned by hedge funds and other institutional investors.
Owl Rock Capital (NYSE:ORCC) last issued its earnings results on Monday, February 22nd. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $221.25 million for the quarter, compared to analyst estimates of $210.41 million. Owl Rock Capital had a net margin of 44.28% and a return on equity of 9.63%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. On average, sell-side analysts predict that Owl Rock Capital will post 1.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Wednesday, March 31st will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date is Tuesday, March 30th. Owl Rock Capital’s payout ratio is currently 80.52%.
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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