The price-to-earnings ratio for Blackstone Secured Lending Fund. (NYSE: BXSL) is above average at 7.78x. The 36-month beta value for BXSL is also noteworthy at 0.46. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for BXSL is 184.84M, and at present, short sellers hold a 0.61% of that float. The average trading volume of BXSL on September 13, 2024 was 955.63K shares.
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BXSL) stock’s latest price update
Blackstone Secured Lending Fund. (NYSE: BXSL)’s stock price has gone rise by 0.50 in comparison to its previous close of 29.88, however, the company has experienced a -0.23% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-09-09 that BXSL is a ‘Buy’ for income-focused investors despite rate cuts on the horizon, with September largely expected to see the first cut. This BDC consists primarily of first-lien senior secured debt, with an overwhelming majority of the portfolio in floating rates. Even with rate cuts coming up, the dividend coverage here is strong, and that puts them in a good position to maintain the payout going forward.
BXSL’s Market Performance
Blackstone Secured Lending Fund. (BXSL) has experienced a -0.23% fall in stock performance for the past week, with a 0.10% rise in the past month, and a -4.36% drop in the past quarter. The volatility ratio for the week is 1.16%, and the volatility levels for the past 30 days are at 1.23% for BXSL. The simple moving average for the last 20 days is 0.42% for BXSL’s stock, with a simple moving average of 0.11% for the last 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 -0.54% 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 -8.08% of loss for the given period.
Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.16%, as shares surge +0.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.60% lower at present.
During the last 5 trading sessions, BXSL fell by -0.23%, which changed the moving average for the period of 200-days by +4.89% in comparison to the 20-day moving average, which settled at $29.91. In addition, Blackstone Secured Lending Fund. saw 8.65% 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. Equity return is now at value 14.10, with 6.70 for asset returns.
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 3.41.
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 10.6. The receivables turnover for the company is 6.55for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In summary, Blackstone Secured Lending Fund. (BXSL) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
