Owl Rock Capital Co. (NYSE: ORCC – Get a rating) Vice President Alexis Maged purchased 29,595 shares of the company in a transaction that took place on Friday, September 9. The shares were purchased at an average price of $13.01 per share, with a total value of $385,030.95. Following the transaction, the vice president now directly owns 48,435 shares of the company, valued at $630,139.35. The acquisition was disclosed in a filing with the SEC, which is available via the SEC website.
Performance of Owl Rock Capital stock
ORCC traded at $0.06 during midday trading on Monday, hitting $13.01. The company had a trading volume of 1,547,253 shares, compared to an average volume of 2,159,617. The company has a quick ratio of 1.05, a current ratio of 1.05 and a leverage ratio of 1, 24. The company has a 50-day moving average of $12.97 and a two-hundred-day moving average of $13.62. The company has a market capitalization of $5.12 billion, a P/E ratio of 15.89 and a beta of 0.77. Owl Rock Capital Co. has a 1-year low of $12.09 and a 1-year high of $15.33.
Owl Rock Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15. Shareholders of record on Friday, September 30 will receive a dividend of $0.31. This represents a dividend of $1.24 on an annualized basis and a yield of 9.53%. The ex-date of this dividend is Thursday, September 29. Owl Rock Capital’s payout ratio is 151.22%.
Owl Rock Capital Institutional Trading
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A number of hedge funds and other institutional investors have recently bought and sold shares of ORCC. Key Financial Inc purchased a new stake in shares of Owl Rock Capital during the second quarter worth approximately $26,000. Nauset Wealth Management. LLC purchased a new equity stake in Owl Rock Capital during the first quarter worth approximately $34,000. AGF Investments LLC purchased a new stake in shares of Owl Rock Capital during the first quarter worth approximately $38,000. Citigroup Inc. purchased a new stake in shares of Owl Rock Capital during the first quarter worth approximately $38,000. Finally, Worth Asset Management LLC purchased a new equity stake from Owl Rock Capital during the first quarter at a value of approximately $38,000. Hedge funds and other institutional investors hold 43.85% of the company’s shares.
A Wall Street analyst gives his opinion
A number of stock analysts have commented on the company. Wells Fargo & Company cut its price target on Owl Rock Capital from $13.75 to $12.00 and set an “underweight” rating on the stock in a Wednesday, Aug. 3 research note. JMP Securities cut its price target on Owl Rock Capital from $16.00 to $15.00 and gave the stock a “market outperformance” rating in a Monday, August 8 research note. Compass Point lowered its price target on Owl Rock Capital to $15.50 in a Tuesday, August 9 research report. Royal Bank of Canada lowered its price target on Owl Rock Capital from $16.00 to $15.00 and set an “outperform” rating for the stock in a Tuesday, August 9 research report. Finally, Hovde Group lowered its price target on Owl Rock Capital to $14.00 in a Friday, May 20 report. One financial analyst has assigned the stock a sell rating and four have assigned the stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.58.
Owl Rock Capital Company Profile
Owl Rock Capital Corporation is a business development company. The fund invests in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-linked securities including warrants and preferred shares, also pursues investments in preferred shares and investments in common stock.
Further reading
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