B. Riley initiated coverage of Blue Owl Technology Finance (OTF) with a Buy rating and $15 price target The firm says Blue Owl Technology is the largest publicly traded, technology-focused business development company, providing predominantly first-lien senior secured capital to upper-middle-market, sponsor-backed software borrowers with high-visibility, recurring revenue models. Riley says the company benefits from institutional sourcing and underwriting infrastructure.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OTF:
- Looking for High-Yield Dividend Stocks? Citizens JMP Suggests 2 Names — One Offers a Massive 13% Yield
- Blue Owl Technology Finance initiated with an Outperform at Citizens JMP
- Blue Owl Technology Finance initiated with a Sector Perform at RBC Capital
- Blue Owl Technology Sees Significant Insider Stock Purchases
- Blue Owl Technology Finance price target lowered to $14 from $15 at BofA