Owl Rock Capital (ORCC)

Company Profile

Owl Rock Capital Corporation (ORCC) is a specialty finance company focused on lending to U.S. middle-market companies. As of September 30, 2020, ORCC had investments in 110 portfolio companies with an aggregate fair value of $9.9 billion. ORCC has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. ORCC is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser that is an affiliate of Owl Rock Capital Partners. Owl Rock Capital Partners, together with its subsidiaries, is a New York based direct lending platform with approximately $23.7 billion of assets under management as of September 30, 2020.

Company profile

Ticker

ORCC

Exchange

NYSE

Website

www.owlrockcapitalcorporation.com

CEO

Craig W Packer

Incorporated

Maryland

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Securities and Commodity Exchanges

SEC CIK

0001655888

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

OR LENDING LLC • ORCC FINANCING II LLC • ORCC FINANCING III LLC • ORCC FINANCING IV LLC • OWL ROCK CLO I, LLC • OWL ROCK CLO I, LTD • OWL ROCK CLO II, LLC • OWL ROCK CLO II, LTD • OWL ROCK CLO III, LTD • OWL ROCK CLO IV, LTD ...

ORCC stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

DEFA14A

Additional proxy soliciting materials

26 May 23

8-K

Regulation FD Disclosure

24 May 23

8-K

Regulation FD Disclosure

12 May 23

8-K

Owl Rock Capital Corp. Reports First Quarter Net Investment Income Per Share of $0.45 and NAV Per Share of $15.15

10 May 23

Entry into a Material Definitive Agreement

19 Apr 23

8-K

Results of Operations and Financial Condition

5 Apr 23

DEFA14A

Additional proxy soliciting materials

31 Mar 23

DEFA14A

Additional proxy soliciting materials

Transcripts

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ORCC

Earnings call transcript

2023 Q1

11 May 23

ORCC

Earnings call transcript

2022 Q4

23 Feb 23

ORCC

Earnings call transcript

2022 Q3

3 Nov 22

ORCC

Earnings call transcript

2022 Q2

4 Aug 22

ORCC

Earnings call transcript

2022 Q1

5 May 22

ORCC

Earnings call transcript

2021 Q4

24 Feb 22

ORCC

Earnings call transcript

2021 Q3

4 Nov 21

ORCC

Earnings call transcript

2021 Q2

5 Aug 21

ORCC

Earnings call transcript

2021 Q1

6 May 21

ORCC

Earnings call transcript

2020 Q4

24 Feb 21

Latest ownership filings

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REGENTS OF THE UNIVERSITY OF CALIFORNIA

2 Feb 23

SC 13G/A

State of New Jersey Common Pension Fund E

Financial summary

Financial statements Chart ORCC financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	399.46 mm	399.46 mm		399.46 mm	399.46 mm	399.46 mm
Cash burn (monthly)	15.21 mm	4.64 mm		(no burn)	(no burn)	7.34 mm
Cash used (since last report)	34.23 mm	10.45 mm		n/a	n/a	16.53 mm
Cash remaining	365.23 mm	389.01 mm		n/a	n/a	382.93 mm
Runway (months of cash)	24.0	83.8		n/a	n/a	52.1

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

ORCC institutional ownership history Ownership history

43.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	283	297	-4.7%
Opened positions	38	62	-38.7%
Closed positions	52	38	+36.8%
Increased positions	130	125	+4.0%
Reduced positions	71	73	-2.7%

13F shares	Current	Prev Q	Change
Total value	2.15 tn	1.84 tn	+17.1%
Total shares	171.09 mm	170.76 mm	+0.2%
Total puts	4.24 mm	7.92 mm	-46.5%
Total calls	654.50 k	422.60 k	+54.9%
Total put/call ratio	6.5	18.7	-65.4%

Largest owners	Shares	Value	Change
Regents Of The University Of California	25.34 mm	$319.50 bn	-6.3%
State of New Jersey Common Pension Fund E	22.75 mm	$286.89 bn	0.0%
BAC Bank Of America	10.10 mm	$127.37 bn	+3.4%
Oregon Public Employees Retirement Fund	8.98 mm	$116.17 bn	NEW
Brown University	6.34 mm	$79.93 bn	0.0%
RY Royal Bank Of Canada	5.81 mm	$73.21 bn	+7.3%
Van Eck Associates	5.28 mm	$66.70 bn	+5.9%
Robert Wood Johnson Foundation	4.22 mm	$53.27 bn	0.0%
MS Morgan Stanley	4.06 mm	$51.20 bn	-9.0%
ESGR Enstar Group Limited	3.84 mm	$48.38 bn	-34.1%

Largest transactions	Shares	Bought/sold	Change
Oregon Public Employees Retirement Fund	8.98 mm	+8.98 mm	NEW
Sound Income Strategies	2.14 mm	+2.14 mm	+56757.9%
Millennium Management	0.00	-2.07 mm	EXIT
ESGR Enstar Group Limited	3.84 mm	-1.99 mm	-34.1%
Regents Of The University Of California	25.34 mm	-1.70 mm	-6.3%
Renaissance Technologies	0.00	-1.30 mm	EXIT
Citadel Advisors	127.29 k	-1.14 mm	-89.9%
Conversant Capital	0.00	-1.05 mm	EXIT
AlphaCore Capital	918.91 k	-978.28 k	-51.6%
Blue Owl Capital	1.57 mm	+900.31 k	+133.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ORCC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 May 23	Temple Chris	Common Stock	Buy	Acquire P	No	No	13.3	5,900	78.47 k	36,000
25 May 23	Matthew Swatt	Common Stock	Buy	Acquire P	No	No	13.15	65	854.75	2,379
23 May 23	Eric A. Kaye	Common Stock	Buy	Acquire P	Yes	No	13.34	3,749	50.01 k	19,144
19 May 23	Packer Craig	Common Stock	Buy	Acquire P	No	No	13.23	75,600	1.00 mm	300,716
17 May 23	DAlelio Edward H	Common Stock	Buy	Acquire P	No	No	12.89	3,000	38.67 k	3,000