UBS Group Issues Pessimistic Forecast for Blackstone Secured Lending Fund (NYSE:BXSL) Stock Price

Blackstone Secured Lending Fund (NYSE:BXSL) had its price objective lowered by research analysts at UBS Group from $25.50 to $25.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group‘s target price indicates a potential upside of 3.80% from the company’s previous close.

A number of other equities analysts have also recently issued reports on BXSL. Wall Street Zen raised Blackstone Secured Lending Fund from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Citigroup started coverage on Blackstone Secured Lending Fund in a research report on Monday, October 26th. They issued a “market perform” rating on the stock. Oppenheimer began coverage on Blackstone Secured Lending Fund in a research note on Thursday, July 23rd. They set a “market perform” rating and a $25.00 price objective for the company. Citizens Jmp initiated coverage on Blackstone Secured Lending Fund in a report on Monday, October 26th. They set a “market perform” rating for the company. Finally, Zacks Research upgraded shares of Blackstone Secured Lending Fund from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Blackstone Secured Lending Fund currently has an average rating of “Hold” and a consensus price target of $24.83.

Blackstone Secured Lending Fund Stock Down 0.4%

Shares of NYSE:BXSL traded down $0.09 during trading on Thursday, reaching $24.08. The stock had a trading volume of 1,739,501 shares, compared to its average volume of 1,527,428. The stock has a fifty day simple moving average of $24.11 and a two-hundred day simple moving average of $24.10. Blackstone Secured Lending Fund has a 52 week low of $22.47 and a 52 week high of $28.59. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.07 and a beta of 0.39.

Blackstone Secured Lending Fund (NYSE:BXSL) last posted its earnings results on Wednesday, November 4th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $315.18 million for the quarter, compared to analyst estimates of $317.81 million. Blackstone Secured Lending Fund had a net margin of 21.51% and a return on equity of 11.86%. On average, analysts forecast that Blackstone Secured Lending Fund will post 2.87 EPS for the current year.

Hedge Funds Weigh In On Blackstone Secured Lending Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cooper Financial Group raised its stake in Blackstone Secured Lending Fund by 5.6% during the 2nd quarter. Cooper Financial Group now owns 9,494 shares of the company’s stock worth $225,000 after buying an additional 507 shares during the period. Summit Global Investments increased its holdings in shares of Blackstone Secured Lending Fund by 2.0% in the first quarter. Summit Global Investments now owns 31,272 shares of the company’s stock worth $741,000 after acquiring an additional 612 shares in the last quarter. Stronghold Wealth Management L.L.C. raised its position in shares of Blackstone Secured Lending Fund by 1.0% during the first quarter. Stronghold Wealth Management L.L.C. now owns 78,766 shares of the company’s stock worth $1,866,000 after purchasing an additional 755 shares during the period. Werba Rubin Papier Wealth Management raised its position in shares of Blackstone Secured Lending Fund by 3.3% during the third quarter. Werba Rubin Papier Wealth Management now owns 30,111 shares of the company’s stock worth $722,000 after purchasing an additional 961 shares during the period. Finally, MGO One Seven LLC lifted its holdings in shares of Blackstone Secured Lending Fund by 9.4% during the 3rd quarter. MGO One Seven LLC now owns 11,587 shares of the company’s stock valued at $278,000 after purchasing an additional 1,000 shares in the last quarter. 36.49% of the stock is owned by institutional investors.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund (NYSE: BXSL) is a business development company that invests in privately owned middle-market companies. The fund seeks to generate current income and long-term capital appreciation primarily through investments in senior secured, floating-rate loans.

BXSL’s portfolio may also include second-lien loans, unsecured debt and equity investments. Its investments are generally made in companies across a range of industries, with an emphasis on businesses that have established operations and cash flows.