Shares of Blue Owl Technology Finance Corp. (NYSE:OTF – Get Free Report) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $13.40.
OTF has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of Blue Owl Technology Finance from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Zacks Research upgraded shares of Blue Owl Technology Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Wells Fargo & Company reduced their price objective on shares of Blue Owl Technology Finance from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Keefe, Bruyette & Woods dropped their target price on Blue Owl Technology Finance from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, May 12th. Finally, Citizens Jmp reduced their price target on Blue Owl Technology Finance from $17.00 to $16.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd.
Check Out Our Latest Analysis on Blue Owl Technology Finance
Insiders Place Their Bets
Institutional Trading of Blue Owl Technology Finance
A number of large investors have recently modified their holdings of OTF. Orange County Employees Retirement System purchased a new position in Blue Owl Technology Finance during the 4th quarter worth $116,497,000. Requisite Capital Management LLC grew its position in shares of Blue Owl Technology Finance by 141.2% during the 4th quarter. Requisite Capital Management LLC now owns 674,624 shares of the company’s stock worth $10,078,000 after buying an additional 394,895 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Blue Owl Technology Finance by 34.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 624,044 shares of the company’s stock valued at $9,074,000 after buying an additional 159,060 shares during the period. Stephens Inc. AR bought a new stake in shares of Blue Owl Technology Finance in the fourth quarter valued at about $8,220,000. Finally, Caz Investments LP raised its holdings in shares of Blue Owl Technology Finance by 72.2% in the fourth quarter. Caz Investments LP now owns 1,159,339 shares of the company’s stock valued at $16,857,000 after acquiring an additional 486,172 shares in the last quarter.
Blue Owl Technology Finance Trading Down 0.5%
NYSE OTF traded down $0.05 during trading hours on Tuesday, hitting $10.32. 1,039,276 shares of the company were exchanged, compared to its average volume of 2,207,752. The stock has a 50-day moving average price of $10.89. Blue Owl Technology Finance has a 52 week low of $10.13 and a 52 week high of $15.82. The stock has a market capitalization of $4.77 billion and a PE ratio of 11.47.
Blue Owl Technology Finance (NYSE:OTF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $222.12 million during the quarter. Blue Owl Technology Finance had a net margin of 32.78% and a return on equity of 7.43%. During the same period last year, the firm earned $0.41 earnings per share. As a group, analysts expect that Blue Owl Technology Finance will post 1.26 EPS for the current year.
Blue Owl Technology Finance Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 13.6%. This is a positive change from Blue Owl Technology Finance’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, June 30th. Blue Owl Technology Finance’s dividend payout ratio is 155.56%.
Blue Owl Technology Finance Company Profile
Blue Owl Technology Finance (NYSE: OTF) is a publicly traded business development company (BDC) sponsored by alternative asset manager Blue Owl. The firm focuses on providing customized debt and structured capital solutions to technology and technology-enabled companies, with an emphasis on growth-stage and middle-market borrowers. As a BDC, its primary activities include originating, structuring and managing private credit investments tailored to the financing needs of fast-growing businesses.
Its investment approach typically centers on direct lending and credit-oriented products, including senior secured loans, unitranche and subordinated debt, as well as selective equity-linked instruments and structured financings.
Featured Stories
- Five stocks we like better than Blue Owl Technology Finance
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
- Abivax: Wall Street Catches Up to the Data
Receive News & Ratings for Blue Owl Technology Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Technology Finance and related companies with MarketBeat.com's FREE daily email newsletter.
