Blue Owl Technology Finance Corp. (OTF) To Go Ex-Dividend on September 21st

Blue Owl Technology Finance Corp. (NYSE:OTF) announced a quarterly dividend on Monday, June 2nd. Investors of record on Monday, September 21st will be given a dividend of 0.05 per share on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, September 21st.

Blue Owl Technology Finance Stock Performance

Shares of NYSE OTF traded down $0.25 during mid-day trading on Friday, reaching $10.61. The company’s stock had a trading volume of 2,866,447 shares, compared to its average volume of 2,246,044. Blue Owl Technology Finance has a 1-year low of $9.75 and a 1-year high of $15.54. The stock has a market capitalization of $4.86 billion, a P/E ratio of 13.27 and a beta of -0.73. The stock has a 50-day moving average of $10.81 and a two-hundred day moving average of $11.11.

Blue Owl Technology Finance (NYSE:OTF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Blue Owl Technology Finance had a return on equity of 7.17% and a net margin of 28.69%.The business had revenue of $338.03 million for the quarter. During the same quarter in the prior year, the firm earned $0.45 EPS. Analysts predict that Blue Owl Technology Finance will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OTF. Engineers Gate Manager LP acquired a new position in Blue Owl Technology Finance in the 2nd quarter valued at about $320,000. Pinnacle Wealth Management Advisory Group LLC lifted its position in Blue Owl Technology Finance by 2.2% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 44,161 shares of the company’s stock worth $457,000 after acquiring an additional 932 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Blue Owl Technology Finance by 206.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 34,870 shares of the company’s stock valued at $361,000 after purchasing an additional 23,509 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Blue Owl Technology Finance in the 2nd quarter valued at approximately $169,000. Finally, Corient Private Wealth LP increased its holdings in shares of Blue Owl Technology Finance by 219.7% in the second quarter. Corient Private Wealth LP now owns 96,563 shares of the company’s stock valued at $999,000 after purchasing an additional 66,363 shares during the period.

Blue Owl Technology Finance Company Profile

Blue Owl Technology Finance Corp. is a business development company that provides financing to technology-focused companies. The company primarily invests in privately held, middle-market businesses through loans and other debt investments, seeking to support companies with established operations, recurring revenue, and growth opportunities.

Its investment portfolio may include senior secured, unitranche, second-lien, and subordinated loans, as well as warrants or other equity-related investments.