Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.80 and last traded at $33.64, with a volume of 399019 shares. The stock had previously closed at $33.40.
Analyst Ratings Changes
Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Compass Point reduced their price objective on Blackstone Secured Lending Fund from $33.50 to $32.25 and set a "buy" rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Blackstone Secured Lending Fund currently has an average rating of "Moderate Buy" and a consensus target price of $32.13.
Read Our Latest Research Report on Blackstone Secured Lending Fund
Blackstone Secured Lending Fund Trading Down 0.0 %
The firm has a market cap of $7.58 billion, a P/E ratio of 9.41 and a beta of 0.43. The firm has a 50-day simple moving average of $32.62 and a 200-day simple moving average of $31.24.
Institutional Trading of Blackstone Secured Lending Fund
A number of institutional investors have recently made changes to their positions in BXSL. Signaturefd LLC acquired a new stake in shares of Blackstone Secured Lending Fund in the 3rd quarter worth $29,000. Beacon Capital Management LLC boosted its position in shares of Blackstone Secured Lending Fund by 200.0% in the 4th quarter. Beacon Capital Management LLC now owns 900 shares of the company's stock worth $29,000 after purchasing an additional 600 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Blackstone Secured Lending Fund in the 4th quarter worth $31,000. CKW Financial Group acquired a new stake in shares of Blackstone Secured Lending Fund in the 4th quarter worth $32,000. Finally, Blue Trust Inc. boosted its position in shares of Blackstone Secured Lending Fund by 1,466.7% in the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the company's stock worth $36,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 36.49% of the company's stock.
About Blackstone Secured Lending Fund
(
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Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).
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