What Are The Chances Of Blackstone Secured Lending Fund (NYSE: BXSL) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Blackstone Secured Lending Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call.

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Stocks Info

As a NYSE listed company, BXSL falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Blackstone Secured Lending Fund is $5.92B. A total of 1.04 million shares were traded on the day, compared to an average of 997.18K shares.

In the most recent transaction, Whitaker Carlos bought 3,895 shares of BXSL for 25.68 per share on May 26 ’23. After the transaction, the President now owns 3,895 company shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Blackstone Secured Lending Fund pays an annual dividend of $2.94, resulting in a dividend yield of 9.51%, and it has a price to earnings (P/E) ratio of 8.75. BXSL’s most recent ex-dividend date was 3/27/2024 when it declared a $0.77 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 12/28/2023. The BXSL stock dividend was $0.77 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BXSL has a high of $30.77 and a low of $23.61.

As of this writing, BXSL has an earnings estimate of $0.92 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.9. The company reported an EPS of $0.95 in the last quarter, which was -3.10% lower than expectations of $0.98.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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.

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 4.30.

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