Many retail investors have taken a shine to Business Development Companies, known as BDCs, over the past year, as it become increasingly apparent that the companies which BDCs invest in have weathered the pandemic better than expected. The BDC industry averaged a 49% gain over the past year and is up ~27% in 2021, outperforming the broad Financials sector and the S&P 500 in 2021.
Owl Rock Capital Corp. (ORCC) is one of the larger BDCs with a $5.7B market cap, putting in the upper echelon among this high-yielding industry, which we've covered in several articles over the past few months. ORCC has lagged its industry over the past year and in 2021, but has outperformed a bit over the past month and quarter. It has trailed the Financials sector and the market over the past year and in 2021.
Source: Seeking Alpha
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Posted by D4L | Tuesday, August 31, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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