Blue Owl Technology Finance Corp. to Issue Quarterly Dividend of $0.05 (NYSE:OTF)

Blue Owl Technology Finance Corp. (NYSE:OTF) announced a quarterly dividend on Monday, June 2nd. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.05 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 22nd.

Blue Owl Technology Finance Stock Performance

Shares of Blue Owl Technology Finance stock opened at $10.65 on Friday. The company has a market cap of $4.93 billion and a P/E ratio of 11.84. The stock’s 50 day moving average price is $11.16. Blue Owl Technology Finance has a 1-year low of $10.48 and a 1-year high of $16.10.

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

Insider Activity

In other news, Director Melissa Weiler acquired 10,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $10.90 per share, with a total value of $109,000.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at $109,000. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chris Temple acquired 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $10.71 per share, with a total value of $74,970.00. Following the acquisition, the director owned 12,000 shares in the company, valued at $128,520. The trade was a 140.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 18,000 shares of company stock valued at $194,710 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Technology Finance

A number of institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System bought a new position in shares of Blue Owl Technology Finance during the first quarter valued at $250,556,000. Orange County Employees Retirement System bought a new stake in shares of Blue Owl Technology Finance in the fourth quarter worth $116,497,000. Capricorn Investment Group LLC acquired a new stake in Blue Owl Technology Finance in the fourth quarter valued at $78,915,000. Franklin Resources Inc. increased its holdings in Blue Owl Technology Finance by 155,006.8% in the fourth quarter. Franklin Resources Inc. now owns 1,754,258 shares of the company’s stock valued at $25,507,000 after purchasing an additional 1,753,127 shares during the period. Finally, Rivernorth Capital Management LLC raised its position in Blue Owl Technology Finance by 374.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,934,726 shares of the company’s stock worth $28,131,000 after purchasing an additional 1,526,695 shares during the last quarter.

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.