Blackstone Secured Lending Fund (NYSE:BXSL) Short Interest Up 212.9% in May


The Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) was the target of significant short-term interest growth in May. As of May 15, there were short interests totaling 227,200 shares, a growth of 212.9% from the total of 72,600 shares as of April 30. Based on an average daily volume of 283,400 shares, the short interest ratio is currently 0.8 days.

Several brokerages have recently published reports on BXSL. Royal Bank of Canada lowered its price target on the Blackstone Secured Lending Fund from $34.00 to $32.00 and set an “outperform” rating for the stock in a Thursday, March 3 research note. Zacks Investment Research downgraded the Blackstone Secured Lending Fund from a “buy” rating to a “hold” rating in a Thursday, March 3, research note. Wells Fargo & Company upgraded the Blackstone Secured Lending Fund from a “weighted” rating to an “overweight” rating and set a $30.00 price target on the stock in a Wednesday, March 2 research note. Citigroup upgraded the Blackstone Secured Lending Fund from a “neutral” rating to a “buy” rating and set a price target of $32.00 on the stock in a Thursday, March 3 research note. Finally, Raymond James upgraded the Blackstone Secured Lending Fund from a “market performance” rating to an “outperform” rating and set a $26.00 price target on the stock in a Friday 13 report. may. Six investment analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.06.

Shares of BXSL rose $0.61 on Thursday, hitting $25.47. 414 shares were traded, against an average volume of 235,129. Blackstone Secured Lending Fund has a one-year low of $24.42 and a one-year high of $38.32. The stock has a 50-day moving average price of $27.23 and a 200-day moving average price of $29.69.

The Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) last released its quarterly earnings data on Monday, February 28. The company reported EPS of $0.67 for the quarter, beating consensus analyst estimates of $0.60 by $0.07. The company posted revenue of $192.00 million in the quarter, versus a consensus estimate of $176.57 million. As a group, equity research analysts expect the Blackstone Secured Lending Fund to post earnings per share of 2.46 for the current fiscal year.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Pinnacle Bancorp Inc. acquired a new position in the Blackstone Secured Lending Fund in the first quarter worth approximately $28,000. Advisor Group Holdings Inc. acquired a new position in Blackstone Secured Lending Fund in the fourth quarter worth approximately $36,000. Wells Fargo & Company MN acquired a new position in Blackstone Secured Lending Fund in the fourth quarter, valued at approximately $48,000. Lindbrook Capital LLC acquired a new position in Blackstone Secured Lending Fund in the first quarter worth approximately $69,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in Blackstone Secured Lending Fund in the first quarter, valued at approximately $116,000. Institutional investors and hedge funds hold 23.95% of the company’s shares.

About the Blackstone Secured Loan Fund (Get an evaluation)

Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the Company), is a Delaware statutory trust incorporated on March 26, 2018 and structured as an externally managed non-diversified closed-end investment fund. On 26 October 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Companies Act 1940, as amended (the 1940 Act).

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