Owl Rock Capital Corporation [ORCC] Is Currently -3.80 below its 200 Period Moving Avg: What Does This Mean?
Owl Rock Capital Corporation [NYSE: ORCC] It fell by -$0.46 during the normal trading session on Thursday and reached a high of $12.26 on the day while closing the day at $11.66. Company report on August 3, 2022 That Owl Rock Capital Corp. Net investment income per share for the second quarter is $0.32 and net worth per share is $14.48.
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Owl Rock Capital Corporation (NYSE: ORCC, or the “Company”) today reported net investment income of $125.1 million, or $0.32 per share, and a net loss of $34.9 million, or (0.09) per share. for the second quarter ending in June. 30, 2022. Net asset value per share was $14.48 on June 30, 2022, compared to $14.88 on March 31, 2022.
Craig W. Packer, CEO of Owl Rock Capital Corporation commented, “The second quarter was another strong quarter for our business. Our earnings have outpaced our earnings, our borrowers have continued to perform well in only one name on a non-accrual basis, and more volatile market conditions are creating attractive opportunities. For direct lending we are well positioned. Most importantly, we also expect our earnings to benefit from higher interest rates starting next quarter.”
Owl Rock Capital Corporation stock has also lost -7.61% of its value over the past seven days. However, ORCC stock is down -6.42% in the three months of the year. Over the past six months, it has lost -21.53% and lost -17.66% year-over-year.
ORCC’s stock has a market capitalization of $4.67 billion, with 394.19 million shares outstanding and 384.61 million shares in current float. Compared to an average trading volume of 1.63 million shares, ORCC reached a trading volume of 3,227,306 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what leading stock market gurus are saying about Owl Rock Capital Corporation [ORCC]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a price target for ORCC’s stock is $14.55 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for ORCC stock is a set recommendation at 1.80. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Wells Fargo has made an appreciation for Owl Rock Capital Corporation stock, while maintaining their opinion of the stock as Underweight, with their previous recommendation back on July 25, 2022. The new note on price target was issued on May 6, 2022, which is the official price target for Owl Rock Capital stock. Corporation.
Owl Rock Capital Corporation’s Average True Range (ATR) is set at 0.26, with ORCC’s price-to-sales ratio for the past twelve months at 4.29. The price-to-book ratio for the most recent quarter was 0.81, with the price-to-cash ratio for the stock in the same quarter set at 0.61.
ORCC stock trading performance evaluation
Owl Rock Capital Corporation [ORCC] It fell into the red at the end of last week, fell in a negative trend and fell by -7.61. With this latest performance, ORCC shares are down -12.59% over the past four-week period, as well as down -21.53% over the past six months – not to mention a -19.31% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the ORCC stock for the past two weeks was set at 21.69, with the RSI for the last one trading at 13.46, and the three-week RSI set at 28.40 for Owl Rock Capital Corporation [ORCC]. The current moving average for the last 50 trading days for this stock is 12.93 while it recorded at 12.16 for the last trading week, and 13.81 for the last 200 days.
Owl Rock Capital Corporation [ORCC]: Insiders ownership positions
There are currently approximately $2,013 million, or 43.50% of ORCC’s stock, in the hands of institutional investors. The three largest corporate shareholders of ORCC are: STATE OF NEW JERSEY COMMON PENSION FUND E with 27,942,838 ownership, which is approximately -1.84% of the company’s market capitalization and approximately 1.51% of the total institutional ownership; University of California records, which owns 27,073,069 shares with an approximate value of $315.67 million in ORCC stock; and BANK OF AMERICA CORP/DE/, currently holds $115.11 million in ORCC stock with ownership of approximately 24.937% of the company’s market value.
168 business owners have increased their positions in Owl Rock Capital Corporation [NYSE:ORCC] About 16,595,131 shares. In addition, 94 investors decreased their positions by 16,866,859 shares, while 45 investors occupied positions by 139,142,862 shares. The said changes put institutional holdings at 172,604,852 shares, according to the latest report from the Securities and Exchange Commission. ORCC had 42 new institutional investments totaling 3,781,703 shares, while 31 institutional investors sold positions worth 1,618,134 shares during the same period.