Key Points
- President Erik Bissonnette bought 10,000 shares on Sept. 5 at an average price of $14.70 (total $147,000), raising his stake to 166,525 shares—a 6.39% increase—per an SEC filing.
- OTF shares opened at $13.32 and are trading below their 52-week high ($21.62) with a 52-week low of $12.89; the company has a market cap of $6.24 billion and a P/E of 7.66.
- Multiple institutional investors significantly increased their Q4 stakes, and Zacks Research recently upgraded Blue Owl Technology Finance from "strong sell" to "hold," leaving the consensus rating at Hold.
Blue Owl Technology Finance Corp. (NYSE:OTF - Get Free Report) President Erik Bissonnette purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were acquired at an average cost of $14.70 per share, with a total value of $147,000.00. Following the completion of the purchase, the president owned 166,525 shares of the company's stock, valued at $2,447,917.50. The trade was a 6.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Blue Owl Technology Finance Trading Down 0.6%
Shares of OTF stock opened at $13.32 on Friday. Blue Owl Technology Finance Corp. has a 52-week low of $12.89 and a 52-week high of $21.62. The company has a market capitalization of $6.24 billion and a price-to-earnings ratio of 7.66.
Institutional Investors Weigh In On Blue Owl Technology Finance
Several large investors have recently bought and sold shares of OTF. Sanctuary Advisors LLC raised its holdings in Blue Owl Technology Finance by 195.4% in the fourth quarter. Sanctuary Advisors LLC now owns 149,377 shares of the company's stock worth $2,172,000 after purchasing an additional 98,812 shares during the period. UBS Group AG raised its stake in Blue Owl Technology Finance by 125.9% during the 4th quarter. UBS Group AG now owns 147,386 shares of the company's stock worth $2,143,000 after buying an additional 82,134 shares during the period. Blue Trust Inc. raised its stake in Blue Owl Technology Finance by 141.6% during the 4th quarter. Blue Trust Inc. now owns 126,897 shares of the company's stock worth $1,845,000 after buying an additional 74,370 shares during the period. CWM LLC lifted its holdings in Blue Owl Technology Finance by 177.1% during the fourth quarter. CWM LLC now owns 92,208 shares of the company's stock worth $1,341,000 after acquiring an additional 58,935 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in Blue Owl Technology Finance by 642.4% in the fourth quarter. Pallas Capital Advisors LLC now owns 85,480 shares of the company's stock valued at $1,243,000 after acquiring an additional 73,966 shares during the period.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Blue Owl Technology Finance from a "strong sell" rating to a "hold" rating in a research note on Monday, January 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".
Get Our Latest Stock Report on Blue Owl Technology Finance
Blue Owl Technology Finance Company Profile
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Get Free Report)
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.
Further Reading
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