UBS Group AG Grows Stock Holdings in Blue Owl Technology Finance Corp. $OTF

UBS Group AG lifted its position in shares of Blue Owl Technology Finance Corp. (NYSE:OTF) by 125.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,386 shares of the company’s stock after buying an additional 82,134 shares during the period. UBS Group AG’s holdings in Blue Owl Technology Finance were worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Blue Owl Technology Finance during the 4th quarter worth approximately $44,000. Cornerstone Partners Capital Management LLC acquired a new stake in shares of Blue Owl Technology Finance during the 4th quarter worth approximately $146,000. QP Wealth Management LLC acquired a new stake in shares of Blue Owl Technology Finance during the 4th quarter worth approximately $168,000. Norden Group LLC acquired a new stake in shares of Blue Owl Technology Finance during the 4th quarter worth approximately $169,000. Finally, PFG Investments LLC acquired a new stake in shares of Blue Owl Technology Finance during the 4th quarter worth approximately $170,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OTF. Truist Financial cut their price target on shares of Blue Owl Technology Finance from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Citizens Jmp cut their price target on shares of Blue Owl Technology Finance from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Company cut their price target on shares of Blue Owl Technology Finance from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Zacks Research downgraded shares of Blue Owl Technology Finance from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Technology Finance from $13.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Blue Owl Technology Finance presently has an average rating of “Hold” and an average target price of $13.40.

Insider Buying and Selling at Blue Owl Technology Finance

In other Blue Owl Technology Finance news, Director Chris Temple purchased 7,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $10.71 per share, for a total transaction of $74,970.00. Following the completion of the purchase, the director directly owned 12,000 shares in the company, valued at approximately $128,520. The trade was a 140.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Melissa Weiler purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $10.90 per share, with a total value of $109,000.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $109,000. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 18,000 shares of company stock valued at $194,710. Insiders own 0.05% of the company’s stock.

Blue Owl Technology Finance Trading Up 0.6%

NYSE:OTF opened at $10.72 on Thursday. The stock has a fifty day simple moving average of $11.51. The firm has a market capitalization of $4.96 billion and a P/E ratio of 11.91. Blue Owl Technology Finance Corp. has a 52 week low of $10.48 and a 52 week high of $21.62.

Blue Owl Technology Finance (NYSE:OTF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). The business had revenue of $325.94 million during the quarter. Blue Owl Technology Finance had a return on equity of 7.43% and a net margin of 32.78%.During the same period last year, the business posted $0.41 EPS. As a group, research analysts expect that Blue Owl Technology Finance Corp. will post 1.26 earnings per share for the current fiscal year.

Blue Owl Technology Finance Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.1%. 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 payout ratio is presently 155.56%.

Blue Owl Technology Finance announced that its board has initiated a stock buyback program on Wednesday, February 18th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

About Blue Owl Technology Finance

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.