Blackstone Secured Lending Fund (NYSE: BXSL) is 0.00% lower on its value in year-to-date trading and has touched a low of $27.76 and a high of $34.64 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 $32.37 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $32.31, the stock is -3.70% and -2.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -0.19% at the moment leaves the stock 3.20% off its SMA200. BXSL registered 8.79% gain for a year compared to 6-month gain of 7.92%.
The stock witnessed a -3.84% loss in the last 1 month and extending the period to 3 months gives it a 1.25%, and is -2.48% 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 2.22% over the week and 1.86% over the month.
Current P/E ratio is 9.00 and Fwd P/E is 10.33. Distance from 52-week low is 16.39% and -6.73% from its 52-week high.
The EPS is expected to shrink by -7.91% this year
The shares outstanding are 227.82M, and float is at 203.82M with Short Float at 1.01%.
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 2.5966 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.
