Kayne Anderson Capital Advisors LP bought a new position in Owl Rock Capital Corporation (NYSE:ORCC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 150,000 shares of the technology company’s stock, valued at approximately $2,364,000.
A number of other hedge funds have also bought and sold shares of the business. Usca Ria LLC bought a new stake in shares of Owl Rock Capital during the 3rd quarter worth $66,000. Russell Investments Group Ltd. bought a new stake in shares of Owl Rock Capital during the 3rd quarter worth $140,000. Kovack Advisors Inc. bought a new stake in shares of Owl Rock Capital during the 3rd quarter worth $312,000. Chicago Partners Investment Group LLC bought a new stake in shares of Owl Rock Capital during the 3rd quarter worth $656,000. Finally, Stephens Inc. AR bought a new stake in shares of Owl Rock Capital during the 3rd quarter worth $1,190,000. 9.31% of the stock is owned by institutional investors.
Several analysts recently issued reports on ORCC shares. LADENBURG THALM/SH SH downgraded shares of Owl Rock Capital from a “buy” rating to a “neutral” rating in a report on Friday, November 1st. Royal Bank of Canada started coverage on shares of Owl Rock Capital in a report on Monday, August 12th. They set an “outperform” rating and a $17.00 price objective for the company. Deutsche Bank started coverage on shares of Owl Rock Capital in a report on Tuesday, August 13th. They set a “buy” rating and a $17.50 price objective for the company. Janney Montgomery Scott started coverage on shares of Owl Rock Capital in a report on Thursday, August 29th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, ValuEngine downgraded shares of Owl Rock Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.72.
In related news, Director Chris Temple bought 10,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $17.45 per share, for a total transaction of $183,225.00. 5.10% of the stock is owned by corporate insiders.
NYSE:ORCC traded up $0.20 during trading hours on Friday, hitting $17.70. 156,100 shares of the company traded hands, compared to its average volume of 216,925. Owl Rock Capital Corporation has a twelve month low of $15.02 and a twelve month high of $18.15. The stock’s 50-day moving average price is $16.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.30 and a quick ratio of 1.30.
Owl Rock Capital Company Profile
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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