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As of Dec 31, 2019, the company had net assets worth $6 billion, up 83.1% from the level at the end of 2018.It ended the fourth quarter with debt of nearly $3 billion, up 18.3% from the last year-end level.
Full Year Update
Total investment income of the company was $718 million, up 84.6% from the 2018-end level. The upside can be attributed to a higher investment portfolio. In 2019, new investment commitments decreased 14.7% year over year to $4.4 billion.
The company’s interest expenses of $136.4 million surged 77.7% from the 2018-end level. For 2019, total operating expenses skyrocketed 104.3% to $290.5 million due to higher interest expenses, management fees, performance-based incentive fees, professional fees, directors’ fees, and other general and administrative costs.
Net cash used in operating activities for 2019 totaled $2.5 billion, down 20.3% from the 2018-end level.
Among other players from the finance sector, having reported fourth-quarter earnings so far, the bottom lines of Discover Financial Services (DFS - Free Report) , Affiliated Managers Group, Inc. (AMG - Free Report) and Navient Corporation (NAVI - Free Report) beat estimates.
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A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Owl Rock Capital (ORCC) Q4 Earnings Up Y/Y on High Investment
Owl Rock Capital Corporation’s fourth-quarter 2019 earnings per share of 36 cents improved 100% year over year due to higher net investment income.
Quarter in Detail
In the quarter, total investment income was $202.3 million, up 75.4% year over year. New investment commitments were nearly $1 billion.
The company concluded the fourth quarter with investments in 98 portfolio companies.
Its interest expenses were $35.4 million. For the quarter under review, total expenses were $98.3 million.
Owl Rock Capital Corporation Price, Consensus and EPS Surprise
Owl Rock Capital Corporation price-consensus-eps-surprise-chart | Owl Rock Capital Corporation Quote
As of Dec 31, 2019, the company had net assets worth $6 billion, up 83.1% from the level at the end of 2018.It ended the fourth quarter with debt of nearly $3 billion, up 18.3% from the last year-end level.
Full Year Update
Total investment income of the company was $718 million, up 84.6% from the 2018-end level. The upside can be attributed to a higher investment portfolio.
In 2019, new investment commitments decreased 14.7% year over year to $4.4 billion.
The company’s interest expenses of $136.4 million surged 77.7% from the 2018-end level. For 2019, total operating expenses skyrocketed 104.3% to $290.5 million due to higher interest expenses, management fees, performance-based incentive fees, professional fees, directors’ fees, and other general and administrative costs.
Net cash used in operating activities for 2019 totaled $2.5 billion, down 20.3% from the 2018-end level.
Zacks Rank & Peer Releases
Owl Rock Capital currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other players from the finance sector, having reported fourth-quarter earnings so far, the bottom lines of Discover Financial Services (DFS - Free Report) , Affiliated Managers Group, Inc. (AMG - Free Report) and Navient Corporation (NAVI - Free Report) beat estimates.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>