Otter Creek Advisors LLC increased its holdings in Owl Rock Capital Co. (NYSE:ORCC – Get Rating) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,841 shares of the technology company’s stock after purchasing an additional 16,841 shares during the quarter. Owl Rock Capital makes up approximately 1.9% of Otter Creek Advisors LLC’s holdings, making the stock its 13th largest holding. Otter Creek Advisors LLC owned about 0.08% of Owl Rock Capital worth $4,683,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Nauset Wealth Management. LLC purchased a new position in Owl Rock Capital in the 1st quarter worth approximately $34,000. PARK CIRCLE Co purchased a new position in Owl Rock Capital in the 4th quarter worth approximately $89,000. BDO Wealth Advisors LLC raised its holdings in Owl Rock Capital by 87.6% in the 1st quarter. BDO Wealth Advisors LLC now owns 6,003 shares of the technology company’s stock worth $89,000 after acquiring an additional 2,803 shares during the last quarter. SG Americas Securities LLC purchased a new position in Owl Rock Capital in the 4th quarter worth approximately $119,000. Finally, Creative Financial Designs Inc. ADV purchased a new position in Owl Rock Capital in the 1st quarter worth approximately $136,000. 42.26% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ORCC has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Owl Rock Capital from $13.75 to $12.00 and set an “underweight” rating for the company in a report on Wednesday. Hovde Group decreased their target price on shares of Owl Rock Capital to $14.00 in a research note on Friday, May 20th.
Owl Rock Capital Stock Performance
Owl Rock Capital (NYSE:ORCC – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $264.16 million during the quarter, compared to analysts’ expectations of $272.74 million. Owl Rock Capital had a return on equity of 8.75% and a net margin of 29.95%. On average, equities research analysts expect that Owl Rock Capital Co. will post 1.27 EPS for the current fiscal year.
Owl Rock Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, September 30th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.24 annualized dividend and a dividend yield of 9.44%. Owl Rock Capital’s dividend payout ratio (DPR) is 151.22%.
Insider Buying and Selling
In other news, Director Melissa Weiler bought 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average price of $12.63 per share, with a total value of $101,040.00. Following the acquisition, the director now owns 28,000 shares of the company’s stock, valued at approximately $353,640. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by insiders.
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 also pursues preferred equity investments and common equity investments.
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