Blackstone Secured Lending Fund (NYSE: BXSL) is -0.37% lower on its value in year-to-date trading and has touched a low of $27.76 and a high of $33.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BXSL stock was last observed hovering at around $32.50 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $32.19, the stock is -0.27% and 1.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -0.95% at the moment leaves the stock 4.05% off its SMA200. BXSL registered 15.13% gain for a year compared to 6-month gain of 2.29%. The firm has a 50-day simple moving average (SMA 50) of $31.721 and a 200-day simple moving average (SMA200) of $30.93785.
The stock witnessed a 0.47% loss in the last 1 month and extending the period to 3 months gives it a 9.42%, and is -3.04% 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 1.53% over the week and 1.61% over the month.
Current P/E ratio is 8.32 and Fwd P/E is 9.90. Distance from 52-week low is 15.96% and -3.85% from its 52-week high.
with sales reaching $346.52M over the same period.The EPS is expected to shrink by -9.00% this year, but quarterly earnings will post 15.50% year-over-year. Quarterly sales are estimated to grow 13.89% in year-over-year returns.
Blackstone Secured Lending Fund (BXSL) Top Institutional Holders
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.
Blackstone Secured Lending Fund (BXSL) Insider Activity
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