FormulaFolio Investments LLC bought a new position in shares of Owl Rock Capital Co. (NYSE:ORCC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,907 shares of the technology company’s stock, valued at approximately $569,000.
Other large investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in Owl Rock Capital during the fourth quarter worth approximately $27,000. AdvisorNet Financial Inc acquired a new position in Owl Rock Capital in the fourth quarter worth approximately $74,000. Arkadios Wealth Advisors acquired a new position in Owl Rock Capital in the fourth quarter worth approximately $91,000. Clear Street Markets LLC acquired a new position in Owl Rock Capital in the fourth quarter worth approximately $127,000. Finally, PAX Financial Group LLC acquired a new position in Owl Rock Capital in the fourth quarter worth approximately $128,000. 41.46% of the stock is currently owned by hedge funds and other institutional investors.
Owl Rock Capital stock opened at $14.21 on Thursday. The company’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $13.12. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.76. Owl Rock Capital Co. has a 12 month low of $11.12 and a 12 month high of $14.40. The stock has a market cap of $5.56 billion, a P/E ratio of 15.45 and a beta of 1.07.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Wednesday, March 31st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Tuesday, March 30th. Owl Rock Capital’s dividend payout ratio is currently 80.52%.
ORCC has been the topic of several recent research reports. Janney Montgomery Scott upgraded shares of Owl Rock Capital from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, February 24th. Royal Bank of Canada upgraded shares of Owl Rock Capital from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $13.50 to $15.00 in a research report on Thursday, March 4th. Raymond James reiterated a “buy” rating on shares of Owl Rock Capital in a research report on Wednesday, December 23rd. Finally, Oppenheimer assumed coverage on shares of Owl Rock Capital in a research report on Wednesday, March 31st. They set an “outperform” rating and a $15.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Owl Rock Capital has an average rating of “Buy” and an average price target of $14.30.
Owl Rock Capital Profile
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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