Owl Rock Capital Co. (NYSE:ORCC) major shareholder Of The University Of C. Regents sold 102,619 shares of the business’s stock in a transaction dated Wednesday, June 9th. The shares were sold at an average price of $14.74, for a total transaction of $1,512,604.06. Following the completion of the sale, the insider now directly owns 39,625,210 shares of the company’s stock, valued at approximately $584,075,595.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Of The University Of C. Regents also recently made the following trade(s):
- On Monday, May 24th, Of The University Of C. Regents sold 125,000 shares of Owl Rock Capital stock. The shares were sold at an average price of $14.40, for a total transaction of $1,800,000.00.
- On Wednesday, April 21st, Of The University Of C. Regents sold 82,878 shares of Owl Rock Capital stock. The shares were sold at an average price of $14.28, for a total transaction of $1,183,497.84.
Shares of NYSE ORCC opened at $14.67 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $5.74 billion, a P/E ratio of 6.64 and a beta of 1.06. Owl Rock Capital Co. has a 12 month low of $11.12 and a 12 month high of $14.80. The business’s 50-day simple moving average is $14.31.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 13th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.45%. The ex-dividend date is Tuesday, June 29th. Owl Rock Capital’s payout ratio is 93.23%.
A number of hedge funds and other institutional investors have recently modified their holdings of ORCC. GP Brinson Investments LLC bought a new stake in shares of Owl Rock Capital during the first quarter worth about $8,166,000. Tranquility Partners LLC grew its holdings in shares of Owl Rock Capital by 68.5% during the first quarter. Tranquility Partners LLC now owns 161,831 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 65,812 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Owl Rock Capital during the fourth quarter worth about $423,000. Renaissance Technologies LLC grew its holdings in shares of Owl Rock Capital by 9.8% during the fourth quarter. Renaissance Technologies LLC now owns 952,964 shares of the technology company’s stock worth $12,065,000 after purchasing an additional 85,064 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Owl Rock Capital by 260.4% during the first quarter. Advisors Asset Management Inc. now owns 63,963 shares of the technology company’s stock worth $881,000 after purchasing an additional 46,216 shares during the last quarter. 45.37% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on the stock. Oppenheimer assumed coverage on shares of Owl Rock Capital in a research report on Wednesday, March 31st. They issued an “outperform” rating and a $15.00 target price for the company. Janney Montgomery Scott raised Owl Rock Capital from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, February 24th. Finally, Royal Bank of Canada raised Owl Rock Capital from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $13.50 to $15.00 in a research note on Friday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.43.
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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