Owl Rock Capital Corporation (NYSE: ORCC) Has Dropped -6.61% So Far This Year. Does That Mean Trouble Ahead? – Marketing Sentinel
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Owl Rock Capital Corporation (NYSE: ORCC) Has Dropped -6.61% So Far This Year. Does That Mean Trouble Ahead?

During the recent session, Owl Rock Capital Corporation (NYSE:ORCC)’s traded shares were 1.23 million. At the last check today, the stock’s price was $13.23, reflecting an intraday gain of 1.89% or $0.24. The 52-week high for the ORCC share is $15.33, that puts it down -15.87 from that peak though still a striking 2.87% gain since the share price plummeted to a 52-week low of $12.85. The company’s market capitalization is $5.12B, and the average intraday trading volume over the past 10 days was 3.24 million shares, and the average trade volume was 2.59 million shares over the past three months.

Owl Rock Capital Corporation (NYSE:ORCC) trade information

Owl Rock Capital Corporation (ORCC) registered a 1.89% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.89% in intraday trading to $13.23 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -4.97%, and it has moved by -12.58% in 30 days. Based on these gigs, the overall price performance for the year is -6.61%. The short interest in Owl Rock Capital Corporation (NYSE:ORCC) is 1.6 million shares and it means that shorts have 1.04 day(s) to cover.

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Owl Rock Capital Corporation (ORCC) estimates and forecasts

Statistics show that Owl Rock Capital Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Owl Rock Capital Corporation (ORCC) shares have gone down -8.97% during the last six months, with a year-to-date growth rate less than the industry average at 3.20% against 3.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 10.30% this quarter and then jump 26.90% in the quarter after that. In the rating firms’ projections, revenue will increase 25.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $267.34 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $270.26 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $221.25 million and $232.15 million respectively. In this case, analysts expect current quarter sales to grow by 20.80% and then jump by 16.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 105.60%. While earnings are projected to return 59.70% in 2022.

ORCC Dividends

Owl Rock Capital Corporation is due to release its next quarterly earnings between February 21 and February 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Owl Rock Capital Corporation is 1.24, with the dividend yield indicating at 9.55 percent, continuing the trend of increasing dividends in recent years.

Owl Rock Capital Corporation (NYSE:ORCC)’s Major holders

Owl Rock Capital Corporation insiders own 0.11% of total outstanding shares while institutional holders control 44.06%, with the float percentage being 44.11%. California, University Of-Regents is the largest shareholder of the company, while 259 institutions own stock in it. As of Sep 29, 2021, the company held over 37.5 million shares (or 9.54% of all shares), a total value of $529.44 million in shares.

The next largest institutional holding, with 28.74 million shares, is of State of New Jersey Common Pension Fund E’s that is approximately 7.31% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $405.78 million.

Also, the Mutual Funds coming in first place with the largest holdings of Owl Rock Capital Corporation (ORCC) shares are VanEck Vectors ETF Tr-BDC Income ETF and Destra Multi-Alternative Fund. Data provided on Oct 30, 2021 indicates that VanEck Vectors ETF Tr-BDC Income ETF owns about 3.16 million shares. This amounts to just over 0.80 percent of the company’s overall shares, with a $45.41 million market value. The same data shows that the other fund manager holds slightly less at 0.47 million, or about 0.12% of the stock, which is worth about $6.86 million.

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