World Investment Advisors Has $5.32 Million Stock Holdings in Blue Owl Technology Finance Corp. $OTF

World Investment Advisors boosted its holdings in shares of Blue Owl Technology Finance Corp. (NYSE:OTF) by 212.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 429,025 shares of the company’s stock after purchasing an additional 291,682 shares during the period. World Investment Advisors’ holdings in Blue Owl Technology Finance were worth $5,316,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. QP Wealth Management LLC acquired a new position in shares of Blue Owl Technology Finance in the 4th quarter worth approximately $168,000. Wealth Enhancement Advisory Services LLC boosted its stake 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 valued at $1,044,000 after buying an additional 42,888 shares in the last quarter. Norden Group LLC acquired a new stake in Blue Owl Technology Finance in the 4th quarter valued at $169,000. Pallas Capital Advisors LLC grew its position 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. Finally, Generali Investments CEE investicni spolecnost a.s. grew its position in Blue Owl Technology Finance by 121.0% in 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 acquiring an additional 26,510 shares during the period.

Blue Owl Technology Finance Price Performance

OTF stock opened at $10.48 on Monday. The company’s fifty day simple moving average is $10.90. Blue Owl Technology Finance Corp. has a fifty-two week low of $10.13 and a fifty-two week high of $16.10. The firm has a market cap of $4.85 billion and a PE ratio of 11.65.

Blue Owl Technology Finance (NYSE:OTF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Blue Owl Technology Finance had a return on equity of 7.43% and a net margin of 32.78%.The business had revenue of $222.12 million during the quarter. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, equities research analysts forecast that Blue Owl Technology Finance Corp. will post 1.26 earnings per share for the current year.

Blue Owl Technology Finance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.35 per share. 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. This represents a $1.40 annualized dividend and a yield of 13.4%. Blue Owl Technology Finance’s dividend payout ratio is currently 155.56%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OTF shares. Wells Fargo & Company cut their price objective on 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 raised shares of Blue Owl Technology Finance from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Royal Bank Of Canada dropped their target price on shares of Blue Owl Technology Finance from $14.00 to $12.00 and set a “sector perform” rating for the company in a research report on Monday, May 18th. 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. Finally, Citizens Jmp reduced their price target on shares of Blue Owl Technology Finance from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

Insider Activity

In related news, Director Melissa Weiler acquired 10,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $10.90 per share, for a total transaction of $109,000.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at $109,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Chris Temple bought 7,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $10.71 per share, with a total value of $74,970.00. Following the completion of the purchase, the director owned 12,000 shares of the company’s stock, valued at approximately $128,520. The trade was a 140.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 18,000 shares of company stock worth $194,710. 0.05% of the stock is owned by corporate insiders.

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.