Blue Owl Technology Finance (NYSE:OTF) Upgraded at Zacks Research

Zacks Research upgraded shares of Blue Owl Technology Finance (NYSE:OTF) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Blue Owl Technology Finance Stock Performance

Shares of Blue Owl Technology Finance stock opened at $13.24 on Monday. Blue Owl Technology Finance has a 52 week low of $12.89 and a 52 week high of $21.62. The firm has a market capitalization of $6.20 billion and a price-to-earnings ratio of 7.61.

Institutional Investors Weigh In On Blue Owl Technology Finance

Several large investors have recently added to or reduced their stakes in OTF. Blue Trust Inc. grew its stake in Blue Owl Technology Finance by 141.6% in the 4th quarter. Blue Trust Inc. now owns 126,897 shares of the company’s stock worth $1,845,000 after acquiring an additional 74,370 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in Blue Owl Technology Finance by 642.4% during the 4th quarter. Pallas Capital Advisors LLC now owns 85,480 shares of the company’s stock worth $1,243,000 after purchasing an additional 73,966 shares during the period. CWM LLC raised its position in Blue Owl Technology Finance by 177.1% during the 4th quarter. CWM LLC now owns 92,208 shares of the company’s stock valued at $1,341,000 after purchasing an additional 58,935 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Blue Owl Technology Finance by 260.2% in the 4th quarter. Apollon Wealth Management LLC now owns 72,751 shares of the company’s stock worth $1,058,000 after buying an additional 52,551 shares during the period. Finally, TrueMark Investments LLC bought a new position in shares of Blue Owl Technology Finance during the 4th quarter worth $654,000.

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.