What should you know before buying stock in Blackstone Secured Lending Fund. (BXSL)

Blackstone Secured Lending Fund. (NYSE: BXSL) is 9.26% higher on its value in year-to-date trading and has touched a low of $25.83 and a high of $32.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BXSL stock was last observed hovering at around $30.14 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $30.20, the stock is 0.16% and 0.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 0.20% at the moment leaves the stock 0.26% off its SMA200. BXSL registered 8.24% gain for a year compared to 6-month loss of -3.05%. The firm has a 50-day simple moving average (SMA 50) of $30.062 and a 200-day simple moving average (SMA200) of $30.1325.

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The stock witnessed a 1.85% gain in the last 1 month and extending the period to 3 months gives it a -1.37%, and is -0.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.44% over the week and 1.18% over the month.

Current P/E ratio is 7.82 and Fwd P/E is 9.30. Profit margin for the company is 58.10%. Distance from 52-week low is 16.92% and -7.56% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).

with sales reaching $338.71M over the same period.The EPS is expected to grow by 49.90% this year, but quarterly earnings will post 14.60% year-over-year. Quarterly sales are estimated to grow 19.30% in year-over-year returns.

Blackstone Secured Lending Fund. (BXSL) Top Institutional Holders

228.0 institutions hold shares in Blackstone Secured Lending Fund. (BXSL), with institutional investors hold 42.29% of the company’s shares. The shares outstanding are 200.97M, and float is at 184.84M with Short Float at 0.65%. Institutions hold 39.24% of the Float.

The top institutional shareholder in the company is BANK OF AMERICA CORP /DE/ with over 6.65 million shares valued at $203.65 million. The investor’s holdings represent 3.4895% of the BXSL Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 6.38 million shares valued at $195.22 million to account for 3.345 of the shares outstanding. The other top investors are ENSIGN PEAK ADVISORS, INC which holds 5.04 million shares representing 2.6417% and valued at over $154.17 million, while NOMURA ASSET MANAGEMENT CO LTD holds 2.2579 of the shares totaling 4.3 million with a market value of $131.78 million.