Hovde Group Cuts Owl Rock Capital (NYSE:ORCC) Price Target to $14.00

Owl Rock Capital (NYSE:ORCCGet Rating) had its price target lowered by Hovde Group to $14.00 in a report issued on Friday, Stock Target Advisor reports.

Separately, Raymond James boosted their price target on Owl Rock Capital from $15.50 to $16.00 and gave the company an outperform rating in a report on Friday, February 25th.

NYSE:ORCC opened at $12.87 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $14.42. Owl Rock Capital has a 1 year low of $12.53 and a 1 year high of $15.33. The company has a market capitalization of $5.08 billion, a P/E ratio of 9.98 and a beta of 0.81.

Owl Rock Capital (NYSE:ORCCGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.31 earnings per share 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 net margin of 48.03% and a return on equity of 8.67%. As a group, analysts anticipate that Owl Rock Capital will post 1.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Thursday, June 30th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.24 annualized dividend and a dividend yield of 9.63%. Owl Rock Capital’s dividend payout ratio (DPR) is 96.12%.

A number of hedge funds have recently modified their holdings of ORCC. Nauset Wealth Management. LLC purchased a new stake in Owl Rock Capital in the 1st quarter worth $34,000. Sound Income Strategies LLC grew its position in shares of Owl Rock Capital by 68.7% during the fourth quarter. Sound Income Strategies LLC now owns 2,603 shares of the technology company’s stock valued at $37,000 after purchasing an additional 1,060 shares in the last quarter. AGF Investments LLC purchased a new position in shares of Owl Rock Capital during the first quarter valued at about $38,000. Citigroup Inc. purchased a new position in shares of Owl Rock Capital during the first quarter valued at about $38,000. Finally, Worth Asset Management LLC purchased a new position in shares of Owl Rock Capital during the first quarter valued at about $38,000. Institutional investors and hedge funds own 42.26% of the company’s stock.

Owl Rock Capital Company Profile (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.

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