Blackstone Secured Lending Fund (NYSE: BXSL) is 20.12% higher on its value in year-to-date trading and has touched a low of $27.47 and a high of $33.01 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 $33.01 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $33.20, the stock is 3.32% and 5.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 0.58% at the moment leaves the stock 7.50% off its SMA200. BXSL registered 16.90% gain for a year compared to 6-month gain of 4.30%. The firm has a 50-day simple moving average (SMA 50) of $31.473 and a 200-day simple moving average (SMA200) of $30.87135.
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The stock witnessed a 3.94% loss in the last 1 month and extending the period to 3 months gives it a 10.15%, and is 5.50% up 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 1.77% over the week and 1.63% over the month.
Current P/E ratio is 8.58 and Fwd P/E is 10.22. Distance from 52-week low is 20.86% and 0.58% from its 52-week high.
The EPS is expected to shrink by -9.00% this year
377.0 institutions hold shares in Blackstone Secured Lending Fund (BXSL), with institutional investors hold 40.77% of the company’s shares. The shares outstanding are 216.67M, and float is at 200.53M with Short Float at 1.28%. Institutions hold 37.73% 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.
