A new trading day began on Tuesday, with Blackstone Secured Lending Fund (NYSE: BXSL) stock price down -0.16% from the previous day of trading ,before settling in for the closing price of $30.83. BXSL’s price has ranged from $24.40 to $31.71 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 224.60%. Meanwhile, its annual earnings per share averaged 49.90%. With a float of $175.74 million, this company’s outstanding shares have now reached $191.87 million.
Blackstone Secured Lending Fund (BXSL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Asset Management Industry. The insider ownership of Blackstone Secured Lending Fund is 0.10%, while institutional ownership is 39.80%. The most recent insider transaction that took place on May 26 ’23, was worth 100,024. In this transaction President of this company bought 3,895 shares at a rate of $25.68, taking the stock ownership to the 3,895 shares.
Blackstone Secured Lending Fund (BXSL) Earnings and Forecasts
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.96 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.91 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 49.90% per share during the next fiscal year.
Blackstone Secured Lending Fund (NYSE: BXSL) Trading Performance Indicators
Here are Blackstone Secured Lending Fund’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.16. Likewise, its price to free cash flow for the trailing twelve months is 12.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.65, a number that is poised to hit 0.91 in the next quarter and is forecasted to reach 3.34 in one year’s time.
Technical Analysis of Blackstone Secured Lending Fund (BXSL)
Looking closely at Blackstone Secured Lending Fund (NYSE: BXSL), its last 5-days average volume was 0.74 million, which is a drop from its year-to-date volume of 0.96 million. As of the previous 9 days, the stock’s Stochastic %D was 33.69%. Additionally, its Average True Range was 0.42.
During the past 100 days, Blackstone Secured Lending Fund’s (BXSL) raw stochastic average was set at 79.24%, which indicates a significant increase from 29.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.72% in the past 14 days, which was lower than the 14.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.84, while its 200-day Moving Average is $28.25. However, in the short run, Blackstone Secured Lending Fund’s stock first resistance to watch stands at $30.98. Second resistance stands at $31.19. The third major resistance level sits at $31.37. If the price goes on to break the first support level at $30.59, it is likely to go to the next support level at $30.41. Should the price break the second support level, the third support level stands at $30.20.
Blackstone Secured Lending Fund (NYSE: BXSL) Key Stats
With a market capitalization of 5.91 billion, the company has a total of 191,601K Shares Outstanding. Currently, annual sales are 1,144 M while annual income is 611,950 K. The company’s previous quarter sales were 304,260 K while its latest quarter income was 157,310 K.
