![]() ![]() ORCC’s POWR Ratings reflect its solid outlook. Shares of ORCC have gained 17.1% over the past six months and 16.3% year-to-date to close the last trading session at $13.69. Moreover, ORCC has surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive. Likewise, the consensus EPS estimate of $1.82 for the ongoing year indicates a 28.6% rise year-over-year. The consensus revenue estimate of $1.52 billion for the fiscal year (ending December 2023) reflects a 26.5% year-over-year improvement. In addition, the company’s total assets rose 3.6% year-over-year to $13.68 billion and its net asset value per share came in at $15.15, an increase of 1.8% year-over-year. The company’s net income increased 358.9% from the year-ago value to $201.84, while its net income per share was $0.52, up 372.7% year-over-year. The company’s dividend payouts have grown at an 11.2% CAGR over the past three years.įor the first quarter that ended March 31, 2023, ORCC’s net investment income grew 45.4% year-over-year to $177.86 million. Its four-year average dividend yield is 8.90%. ORCC pays a $1.32 per share dividend annually, which translates to a 9.64% yield on the current price. Likewise, the stock’s 47.45% trailing-12-month net income margin is 83% higher than the industry average of 25.93%. And its trailing-12-month EBIT margin of 73.79% is 261.1% higher than the 20.44% industry average. ORCC’s trailing-12-month gross profit margin of 100% is 69.8% higher than the 58.91% industry average. One of the major growth opportunities for the market lies in the growing demand for asset management solutions in developing nations. North America dominated the market and generated approximately 34% of the revenue share last year. Alternative investments represented more than $20 trillion of global AUM as of year-end 2022.Īccording to a report by Precedence Research, the global asset management market is expected to reach $7.55 billion, growing at a 35.1% CAGR. Moreover, asset managers consider entering an alternative space with high-growth opportunities and offering private market products for retail and institutional investments. For instance, asset management firms can leverage AI to examine data and provide insights into asset performance.Īlso, real-time tracking and monitoring of assets can be achieved with the use of IoT sensors. Furthermore, asset managers have been increasing their investment in digital transformation stimulated by the popularity of remote work, shifting investor preferences toward digital engagement, and opportunity to boost efficiency and growth.Īdditionally, rising interest from investors and regulators in sophisticated ESG data and the broader use cases for artificial intelligence (AI), the Internet of Things (IoT), data analytics, and cloud migration are resulting in increased investments in digital technology. Asset management firms continue to evolve their business models, either by scaling into new asset classes or through mergers and acquisitions (M&A). ![]()
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