Blackstone Secured Lending Fund (NYSE: BXSL) is -3.13% 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 $31.96 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $31.30, the stock is -5.99% and -5.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -2.07% at the moment leaves the stock -0.16% off its SMA200. BXSL registered 2.69% gain for a year compared to 6-month gain of 4.79%. The firm has a 50-day simple moving average (SMA 50) of $32.9658 and a 200-day simple moving average (SMA200) of $31.34925.
The stock witnessed a -6.29% loss in the last 1 month and extending the period to 3 months gives it a -1.48%, and is -3.13% 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 3.08% over the week and 2.16% over the month.
Current P/E ratio is 9.07 and Fwd P/E is 10.01. Distance from 52-week low is 12.75% and -9.64% from its 52-week high.
The EPS is expected to shrink by -7.91% this year
410.0 institutions hold shares in Blackstone Secured Lending Fund (BXSL), with institutional investors hold 44.71% of the company’s shares. The shares outstanding are 227.82M, and float is at 203.81M with Short Float at 1.10%. Institutions hold 40.76% 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 2.5966 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.
