The stock price of Blackstone Secured Lending Fund. (NYSE: BXSL) has dropped by -0.36 compared to previous close of 30.00. Despite this, the company has seen a fall of -0.52% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that Blackstone Secured Lending covered its second quarter dividend easily with net investment income, maintaining high credit quality in its portfolio. The BDC has a non-accrual ratio of 0.3% and a 10% premium to net asset value, justified by dividend coverage and credit quality. Despite potential headwinds from interest rate cuts, Blackstone Secured Lending remains a solid choice for passive income investors at a premium valuation.
Is It Worth Investing in Blackstone Secured Lending Fund. (NYSE: BXSL) Right Now?
The price-to-earnings ratio for Blackstone Secured Lending Fund. (NYSE: BXSL) is 7.97x, which is above its average ratio. Moreover, the 36-month beta value for BXSL is 0.47. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BXSL is 184.84M and currently, short sellers hold a 0.79% of that float. On August 14, 2024, BXSL’s average trading volume was 924.56K shares.
BXSL’s Market Performance
The stock of Blackstone Secured Lending Fund. (BXSL) has seen a -0.52% decrease in the past week, with a -2.09% drop in the past month, and a -4.04% fall in the past quarter. The volatility ratio for the week is 1.45%, and the volatility levels for the past 30 days are at 1.70% for BXSL. The simple moving average for the past 20 days is -0.72% for BXSL’s stock, with a 0.33% simple moving average for the past 200 days.
Analysts’ Opinion of BXSL
JP Morgan gave a rating of “Overweight” to BXSL, setting the target price at $28.50 in the report published on October 23rd of the previous year.
BXSL Trading at -2.93% from the 50-Day Moving Average
After a stumble in the market that brought BXSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.50% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares sank -1.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.17% lower at present.
During the last 5 trading sessions, BXSL fell by -0.60%, which changed the moving average for the period of 200-days by +9.13% in comparison to the 20-day moving average, which settled at $30.09. In addition, Blackstone Secured Lending Fund. saw 8.15% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BXSL
Current profitability levels for the company are sitting at:
- 0.81 for the present operating margin
- 0.78 for the gross margin
The net margin for Blackstone Secured Lending Fund. stands at 0.63. The total capital return value is set at 0.08.
Based on Blackstone Secured Lending Fund. (BXSL), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 3.36.
Currently, EBITDA for the company is 863.28 million with net debt to EBITDA at 6.38. When we switch over and look at the enterprise to sales, we see a ratio of 10.57. The receivables turnover for the company is 6.55for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of Blackstone Secured Lending Fund. (BXSL) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
