Erik Bissonnette Acquires 10,000 Shares of Blue Owl Technology Finance (NYSE:OTF) Stock

Blue Owl Technology Finance Corp. (NYSE:OTF) President Erik Bissonnette acquired 10,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average cost of $14.70 per share, with a total value of $147,000.00. Following the transaction, the president directly owned 166,525 shares in the company, valued at $2,447,917.50. This trade represents a 6.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Blue Owl Technology Finance Stock Performance

Shares of NYSE OTF 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.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Blue Owl Technology Finance from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Trading of Blue Owl Technology Finance

A number of large investors have recently modified their holdings of OTF. Sanctuary Advisors LLC boosted 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 valued at $2,172,000 after purchasing an additional 98,812 shares during the period. UBS Group AG boosted its stake in shares of Blue Owl Technology Finance by 125.9% in the 4th quarter. UBS Group AG now owns 147,386 shares of the company’s stock valued at $2,143,000 after buying an additional 82,134 shares during the period. Blue Trust Inc. grew its position in shares of Blue Owl Technology Finance by 141.6% during the fourth 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 in the last quarter. CWM LLC grew its position in shares of 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 buying an additional 58,935 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in shares of 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 worth $1,243,000 after buying an additional 73,966 shares during the period.

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.