Owl Rock Capital Co. (NYSE: ORCC) Experiencing Significant Growth on Short Interest

Owl Rock Capital Co. (NYSE: ORCC – Get Rating) saw significant short selling growth in May. As of May 31, short interest held a total of 8,670,000 shares, an increase of 125.2% over the May 15 total of 3,850,000 shares. Based on an average daily trading volume of 2,710,000 shares, the short interest rate is currently 3.2 days. Approximately 2.3% of the company’s shares were short sold.

ORCC shares traded down $0.08 on Friday, to $13.26. 2340,280 shares were traded, compared to an average trading volume of 2367,168 shares. The company’s current ratio is 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 10.28 and a beta of 0.82. The business has a 50-day moving average of $14.01 and a 200-day moving average of $14.34. Owl Rock Capital hit 52-week lows at $12.53 and 52-week lows at $15.33.

Owl Rock Capital (NYSE: ORCC – Get Rating) published its latest quarterly earnings data on Wednesday, May 4th. The technology company reported earnings of $0.31 per share for the quarter, topping the consensus estimate of $0.33 ($0.02). The company generated $264.16 million in revenue for the quarter, compared to analysts’ estimates of $272.74 million. Owl Rock Capital had a return on equity of 8.67% and a net margin of 48.03%. As a group, research analysts expect Owl Rock Capital to report 1.27 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Thursday, June 30th will receive a cash dividend of $0.31 per share. The due date is Wednesday, June 29th. This represents a $1.24 annual dividend and a return of 9.35%. Owl Rock Capital’s dividend yield (DPR) is currently 96.12%.

In related news, Director Melissa Wheeler acquired 8,000 shares of the company’s stock in a transaction that took place on Tuesday, May 24th. The stock was acquired at an average price of $12.63 per share, for a total of $101,040.00 of transactions. Following the completion of the acquisition, the director now owns 28,000 shares of the company’s stock, valued at approximately $353,640. The purchase was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. 0.11% of the shares are currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings in ORCC. Enstar Group LTD strengthened its position in Owl Rock Capital by 4,616.7% during the first 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. Border to Coast Pensions Partnership Ltd. purchased a new stake in Owl Rock Capital in the first quarter valued at approximately $25,424,000. Bank of America Corp. DE raised its stake in Owl Rock Capital by 27.0% in the fourth quarter. Bank of America Corp DE now owns 6,787,286 shares of the technology company’s stock, valued at $96,108,000 after purchasing an additional 1,441,048 shares during the period. Royal Bank of Canada raised its stake in Owl Rock Capital by 24.0% in the first quarter. Royal Bank of Canada now owns 4,734,437 shares of the technology company’s stock valued at $69,974,000 after purchasing an additional 916,815 shares during the period. Finally, Invesco Ltd. Its stake in Owl Rock Capital increased by 198.0% in the fourth quarter. Invesco Ltd. Now 1,317,313 shares of the technology company’s stock are valued at $18,653,000 after purchasing an additional 875,252 shares during the period. 42.26% of the shares are owned by hedge funds and other institutional investors.

Several equity research analysts have issued reports on the company. Hovde Group lowered its price target on Owl Rock Capital to $14.00 in a report on Friday, May 20. Raymond James raised his price target on Owl Rock Capital from $15.50 to $16.00 and gave the stock an “outstanding” rating in a report released on Friday, February 25th.

About Owl Rock Capital (Get Rating)

Owl Rock Capital Corporation is a business development company. The fund makes investments in secured or unsecured loans, subordinated loans or mezzanine loans and considers equity securities including warrants and preferred shares and also follows preferred stock investments and common stock investments.

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