ORCC Stock Recent News
ORCC LATEST HEADLINES
Owl Rock Capital Corporation (ORCC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Owl Rock covered its dividend with net investment income in Q3'22. The BDC raised its regular quarterly dividend payout by $0.02 per share.
Owl Rock Capital (ORCC) expects fourth-quarter net investment income to be at least 39 cents per share, up from 35 cents a year ago.
ORCC's management reinstated the dividend policy laid out in 2019. From now on, there will be a regular and a supplemental dividend in every quarter. Owl Rock Capital is yielding 9.83%. However, if we include the supplemental dividends as well, the forward dividend yield is above 11%.
Owl Rock Capital Corporation (NYSE:ORCC ) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Dana Sclafani - Head of IR Craig Packer - CEO Jonathan Lamm - CFO & COO Conference Call Participants Mickey Schleien - Ladenburg Thalmann Robert Dodd - Raymond James Ryan Lynch - KBW Kevin Fultz - JMP Securities Kenneth Lee - RBC Capital Markets Operator Hello, and welcome to the Owl Rock Capital Corp. Q3 2022 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.
Owl Rock Capital Corporation (ORCC) delivered earnings and revenue surprises of 8.82% and 8.41%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Owl Rock Capital's (ORCC) Q3 results are likely to reflect higher net investment income on improved dividend income, partly offset by suppressed repayments.
We all want those investments that we can just buy and forget. Long-term opportunities are born when there is a big disconnect between market price action and company fundamentals.
The heavy selling pressure might have exhausted for Owl Rock Capital Corporation (ORCC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
ORCC has suffered tremendously over the past four weeks, as the market sent it tumbling nearly 30% from its August highs to its recent lows. Accordingly, investors all the way back to April 2020 are now in the red. Therefore, we postulate that the capitulation move caused many bullish investors to sell in a panic.