Taking On Challenges And Growing? – Blackstone Secured Lending Fund (BXSL)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Blackstone Secured Lending Fund Announces 2023 Investor Day.

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $28.27 and fluctuated between $28.32 as its day high and $27.99 as its day low. The current market capitalization of Blackstone Secured Lending Fund is $5.18B. A total of 0.77 million shares were traded on the day, compared to an average of 1.14M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BXSL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 1 BUYs and 0 SELLs from insiders. Insiders purchased 3,895 shares during that period but sold 0.

In the most recent transaction, Whitaker Carlos bought 3,895 shares of BXSL for 25.68 per share on May 26. After the transaction, the President now owns 3,895 company shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Blackstone Secured Lending Fund pays an annual dividend of $2.94, resulting in a dividend yield of 10.40%, and it has a price to earnings (P/E) ratio of 8.01. BXSL’s most recent ex-dividend date was 12/28/2023 when it declared a $0.77 quarterly dividend that was paid in cash on 1/26/2024. Previously, the company paid the dividend on 10/26/2023 with an ex-dividend date of 9/28/2023. The BXSL stock dividend was $0.77 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BXSL has a high of $29.11 and a low of $23.01.

As of this writing, BXSL has an earnings estimate of $BXSY per share for the current quarter. EPS was calculated based on a consensus of Blackstone Secured Lending Fund estimates, with a high estimate of $NEXTECH SOLUTIONS per share and a lower estimate of $Blackstone GSO Senior Floating.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BXSL’s latest balance sheet shows that the firm has $217.99M in Cash & Short Term Investments as of fiscal 2020. There were $5.50B in debt and $1.50B in liabilities at the time. Its Book Value Per Share was $27.10, while its Total Shareholder’s Equity was $4.45B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BXSL is Buy with a score of 4.40.

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