Blue Owl Technology Finance (NYSE:OTF) Releases Earnings Results

Blue Owl Technology Finance (NYSE:OTF) announced its quarterly earnings data on Wednesday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02), FiscalAI reports. Blue Owl Technology Finance had a return on equity of 7.25% and a net margin of 62.05%.The company had revenue of $320.58 million for the quarter, compared to analyst estimates of $326.27 million.

Blue Owl Technology Finance Stock Performance

NYSE OTF traded down $0.18 during trading hours on Thursday, reaching $12.45. 309,583 shares of the company were exchanged, compared to its average volume of 1,747,392. The company has a market capitalization of $5.83 billion and a PE ratio of 7.16. Blue Owl Technology Finance has a 1 year low of $11.73 and a 1 year high of $21.62.

Blue Owl Technology Finance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.35 dividend. This is an increase from Blue Owl Technology Finance’s previous quarterly dividend of $0.05. This represents a $1.40 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Blue Owl Technology Finance’s payout ratio is presently 80.46%.

Blue Owl Technology Finance declared that its Board of Directors has authorized a share buyback program on Wednesday, February 18th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Blue Owl Technology Finance

Institutional investors have recently bought and sold shares of the company. QP Wealth Management LLC purchased a new stake in Blue Owl Technology Finance in the fourth quarter worth $168,000. Wealth Enhancement Advisory Services LLC increased its holdings in Blue Owl Technology Finance by 137.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,992 shares of the company’s stock worth $1,044,000 after acquiring an additional 42,888 shares during the last quarter. Norden Group LLC bought a new stake in Blue Owl Technology Finance in the 4th quarter valued at about $169,000. Pallas Capital Advisors LLC lifted its holdings in Blue Owl Technology Finance by 642.4% during the fourth quarter. Pallas Capital Advisors LLC now owns 85,480 shares of the company’s stock valued at $1,243,000 after purchasing an additional 73,966 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Blue Owl Technology Finance by 121.0% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 48,426 shares of the company’s stock valued at $704,000 after purchasing an additional 26,510 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Blue Owl Technology Finance from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.