Blackstone Secured Lending Fund (NYSE: BXSL) is -13.03% 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 $29.20 in the last trading session, with the day’s loss setting it -1.1%.
Currently trading at $28.10, the stock is -12.83% and -14.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.95 million and changing -3.77% at the moment leaves the stock -10.61% off its SMA200. BXSL registered -8.44% loss for a year compared to 6-month gain of -4.49%. The firm has a 50-day simple moving average (SMA 50) of $32.9676 and a 200-day simple moving average (SMA200) of $31.4349.
The stock witnessed a -15.54% loss in the last 1 month and extending the period to 3 months gives it a -12.71%, and is -13.16% 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 3.68% over the week and 2.34% over the month.
Current P/E ratio is 8.14 and Fwd P/E is 9.00. Distance from 52-week low is 1.22% and -18.88% from its 52-week high.
with sales reaching $358.4M over the same period.The EPS is expected to shrink by -8.01% this year, but quarterly earnings will post 10.84% year-over-year. Quarterly sales are estimated to grow 17.91% in year-over-year returns.
Blackstone Secured Lending Fund (BXSL) Top Institutional Holders
406.0 institutions hold shares in Blackstone Secured Lending Fund (BXSL), with institutional investors hold 44.61% of the company’s shares. The shares outstanding are 227.82M, and float is at 204.46M with Short Float at 1.11%. Institutions hold 40.67% 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 3.4299% 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 3.2879 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 2.2194 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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