Blackstone Secured Lending Fund (BXSL) Stock Price, News & Analysis

Company Overview

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). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (RIC), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.

Key Stats

• Today's Range: $30.80 to $31.08
• 50-Day Range: $29.25 to $31.56
• 52-Week Range: $27.23 to $32.67
• Volume: 807,808 shs
• Average Volume: 989,780 shs
• Market Capitalization: $6.69 billion
• P/E Ratio: 8.57
• Dividend Yield: 9.98%
• Price Target: $31.88
• Consensus Rating: Moderate Buy

Blackstone Secured Lending Fund Stock Analysis - MarketRank™

Blackstone Secured Lending Fund scored higher than 25% of companies evaluated by MarketBeat, and ranked 828th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Blackstone Secured Lending Fund has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Blackstone Secured Lending Fund has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -7.04%

Earnings Growth

Earnings for Blackstone Secured Lending Fund are expected to decrease by -7.04% in the coming year, from $3.55 to $3.30 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Blackstone Secured Lending Fund is 8.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blackstone Secured Lending Fund is 8.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.36.

Price to Book Value per Share Ratio

Blackstone Secured Lending Fund has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.78% of the float of Blackstone Secured Lending Fund has been sold short.

Short Interest Ratio / Days to Cover

Blackstone Secured Lending Fund has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blackstone Secured Lending Fund has recently increased by 10.83%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Blackstone Secured Lending Fund is a leading dividend payer. It pays a dividend yield of 9.98%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Blackstone Secured Lending Fund does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Blackstone Secured Lending Fund is 85.56%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Blackstone Secured Lending Fund will have a dividend payout ratio of 93.33% in the coming year. This indicates that Blackstone Secured Lending Fund may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.78% of the float of Blackstone Secured Lending Fund has been sold short.

Short Interest Ratio / Days to Cover

Blackstone Secured Lending Fund has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blackstone Secured Lending Fund has recently increased by 10.83%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.78

News Sentiment

Blackstone Secured Lending Fund has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Blackstone Secured Lending Fund this week, compared to 2 articles on an average week.

Search Interest

Only 10 people have searched for BXSL on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Blackstone Secured Lending Fund to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Blackstone Secured Lending Fund insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.12% of the stock of Blackstone Secured Lending Fund is held by insiders.

Percentage Held by Institutions

Only 36.49% of the stock of Blackstone Secured Lending Fund is held by institutions.

BXSL Stock Analysis - Frequently Asked Questions

How have BXSL shares performed this year?

Blackstone Secured Lending Fund's stock was trading at $27.64 at the beginning of 2024. Since then, BXSL stock has increased by 11.6% and is now trading at $30.86.
View the best growth stocks for 2024 here.

How were Blackstone Secured Lending Fund's earnings last quarter?

Blackstone Secured Lending Fund (NYSE:BXSL) announced its quarterly earnings results on Wednesday, August, 7th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by $0.01. The firm earned $327.06 million during the quarter, compared to analysts' expectations of $310.23 million. Blackstone Secured Lending Fund had a net margin of 53.91% and a trailing twelve-month return on equity of 13.15%.

Who are Blackstone Secured Lending Fund's major shareholders?

Blackstone Secured Lending Fund's top institutional investors include Nomura Asset Management Co. Ltd. (1.98%), Van ECK Associates Corp (1.83%), Northeast Financial Consultants Inc (0.97%) and Creative Planning (0.83%). Insiders that own company stock include Brad Marshall, Brad Marshall, Carlos Whitaker, Katherine Rubenstein, Katherine Rubenstein and Robert J Bass.
View institutional ownership trends.

How do I buy shares of Blackstone Secured Lending Fund?

Shares of BXSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Blackstone Secured Lending Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackstone Secured Lending Fund investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Charles Schwab (SCHW), McKesson (MCK), Toronto-Dominion Bank (TD) and Yum! Brands (YUM).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 10/25 Dividend: 9/30/2024
• Dividend Payable: 10/25/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: NYSE:BXSL
• CUSIP: N/A
• CIK: 1736035
• Web: www.bxsl.com
• Phone: 212-503-2100
• Fax: N/A
• Employees: 2,020
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $31.88
• High Stock Price Target: $33.00
• Low Stock Price Target: $31.00
• Potential Upside/Downside: +3.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.60
• Trailing P/E Ratio: 8.57
• Forward P/E Ratio: 8.69
• P/E Growth: N/A
• Net Income: $611.95 million
• Net Margins: 53.91%
• Pretax Margin: 53.90%
• Return on Equity: 13.15%
• Return on Assets: 6.20%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.82
• Quick Ratio: 1.82

Sales & Book Value

• Annual Sales: $1.14 billion
• Price / Sales: 5.84
• Cash Flow: $3.86 per share
• Price / Cash Flow: 7.99
• Book Value: $26.31 per share
• Price / Book: 1.17

Miscellaneous

• Outstanding Shares: 216,670,000
• Free Float: 216,411,000
• Market Cap: $6.69 billion
• Optionable: Optionable
• Beta: 0.42