Owl Rock Capital Corporation (NYSE: ORCC) stock fell -3.80% on Friday to $11.66 against a previous-day closing price of $12.12. With 3.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.63 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $12.26 whereas the lowest price it dropped to was $11.65. The 52-week range on ORCC shows that it touched its highest point at $15.33 and its lowest point at $12.09 during that stretch. It currently has a 1-year price target of $14.55. With its current market cap of 4.67 billion, ORCC has annualized dividend of $1.24 while the current yield stands at 10.63%.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ORCC was down-trending over the past week, with a drop of -7.61%, but this was down by -12.59% over a month. Three-month performance dropped to -6.42% while six-month performance fell -21.53%. The stock lost -19.31% in the past year, while it has lost -17.66% so far this year. A look at the trailing 12-month EPS for ORCC yields 0.83 with Next year EPS estimates of 1.47. For the next quarter, that number is 0.34. This implies an EPS growth rate of 59.70% for this year and 11.21% for next year.
Float and Shares Shorts:
At present, 394.19 million ORCC shares are outstanding with a float of 384.61 million shares on hand for trading. On Jul 14, 2022, short shares totaled 8.65 million, which was 2.19% higher than short shares on Jun 14, 2022. In addition to Mr. Craig W. Packer as the firm’s Pres, CEO & Director, Mr. Jonathan Lamm CPA serves as its CFO & COO.
Through their ownership of 42.90% of ORCC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of ORCC, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 1.16% stake in ORCC, the VanEck Vectors – BDC Income ETF is the largest stakeholder. A total of 4,563,637 shares are owned by the mutual fund manager. The iShares II Plc – Listed Private E, which owns about 0.71% of ORCC stock, is the second-largest Mutual Fund holder. It holds 2,796,764 shares valued at 36.75 million. Border to Coast Listed Alternativ holds 0.57% of the stake in ORCC, owning 2,264,810 shares worth 29.76 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ORCC since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ORCC analysts setting a high price target of $15.50 and a low target of $12.00, the average target price over the next 12 months is $14.64. Based on these targets, ORCC could surge 32.93% to reach the target high and rise by 2.92% to reach the target low. Reaching the average price target will result in a growth of 25.56% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ORCC will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $1.36 being high and $1.28 being low. For ORCC, this leads to a yearly average estimate of $1.32. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Owl Rock Capital Corporation surprised analysts by $0.01 when it reported $0.32 EPS against a consensus estimate of $0.31. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is $0.34 and the low estimate is $0.33. The average estimate for the next quarter is thus $0.34.
Summary of Insider Activity:
Insiders traded ORCC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 5,998,479 while 0 shares were sold.