Cambridge Investment Research Advisors Inc. Has $3.13 Million Stock Holdings in Owl Rock Capital Co. (NYSE:ORCC)

Cambridge Investment Research Advisors Inc. increased its position in shares of Owl Rock Capital Co. (NYSE:ORCCGet Rating) by 15.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,485 shares of the technology company’s stock after acquiring an additional 28,944 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.05% of Owl Rock Capital worth $3,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Enstar Group LTD lifted its stake in Owl Rock Capital by 4,616.7% in the 1st quarter. Enstar Group LTD now owns 3,865,455 shares of the technology company’s stock valued at $57,131,000 after purchasing an additional 3,783,502 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in Owl Rock Capital by 7.1% in the 4th quarter. Johnson Financial Group Inc. now owns 3,230,719 shares of the technology company’s stock valued at $45,746,000 after purchasing an additional 214,761 shares during the last quarter. Stephens Inc. AR lifted its stake in Owl Rock Capital by 29.9% in the 1st quarter. Stephens Inc. AR now owns 2,878,990 shares of the technology company’s stock valued at $42,551,000 after purchasing an additional 662,943 shares during the last quarter. Ares Management LLC lifted its stake in Owl Rock Capital by 16.8% in the 4th quarter. Ares Management LLC now owns 2,787,436 shares of the technology company’s stock valued at $39,470,000 after purchasing an additional 401,060 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd bought a new position in Owl Rock Capital in the 1st quarter valued at approximately $25,424,000. Institutional investors and hedge funds own 43.85% of the company’s stock.

Owl Rock Capital Trading Down 0.1 %

ORCC opened at $12.87 on Friday. Owl Rock Capital Co. has a twelve month low of $12.09 and a twelve month high of $15.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average of $12.93 and a 200-day moving average of $13.73. The stock has a market cap of $5.07 billion, a PE ratio of 15.71 and a beta of 0.79.

Owl Rock Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, September 30th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.63%. The ex-dividend date of this dividend is Thursday, September 29th. Owl Rock Capital’s dividend payout ratio (DPR) is presently 151.22%.

Wall Street Analyst Weigh In

ORCC has been the subject of several analyst reports. Hovde Group dropped their price target on shares of Owl Rock Capital to $14.00 in a research note on Friday, May 20th. Compass Point dropped their price target on shares of Owl Rock Capital to $15.50 in a research note on Tuesday, August 9th. Wells Fargo & Company dropped their price target on shares of Owl Rock Capital from $13.75 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, August 3rd. Royal Bank of Canada dropped their price target on shares of Owl Rock Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. Finally, JMP Securities dropped their price target on shares of Owl Rock Capital from $16.00 to $15.00 and set a “market outperform” rating for the company in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.58.

About Owl Rock Capital

(Get Rating)

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 also pursues preferred equity investments and common equity investments.

See Also

Institutional Ownership by Quarter for Owl Rock Capital (NYSE:ORCC)

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