Blackstone Secured Lending Fund [BXSL] Investment Guide: What You Need to Know


Blackstone Secured Lending Fund’s recent filing unveils that its President Whitaker Carlos acquired Company’s shares for reported $0.1 million on May 26. In the deal valued at $25.68 per share,3,895 shares were bought. As a result of this transaction, Whitaker Carlos now holds 3,895 shares worth roughly $ 0.11 million.

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Then, Marshall Brad bought 7,900 shares, generating $188,621 in total proceeds. Upon buying the shares at $23.88, the CEO now owns 203,184 shares.

Before that, Rubenstein Katherine bought 3,359 shares. Blackstone Secured Lending Fund shares valued at $80,045 were divested by the Chief Operating Officer at a price of $23.83 per share. As a result of the transaction, Rubenstein Katherine now holds 3,359 shares, worth roughly $94186.36.

Janney upgraded its Blackstone Secured Lending Fund [BXSL] rating to a Buy from a a Neutral in a research note published on Friday, November 11, 2022; the price target was increased to $27 from $26. PT values the company’s stock at a premium of -3.85 to its Friday closing price.

Price Performance Review of BXSL

On Friday, Blackstone Secured Lending Fund [NYSE:BXSL] saw its stock jump 0.90% to $28.04. On the same session, the stock had its day’s lowest price of $27.77, but rose to a high of $28.09. Over the last five days, the stock has gained 3.20%. Blackstone Secured Lending Fund shares have risen nearly 25.46% since the year began. Nevertheless, the stocks have risen 18.26% over the past one year. While a 52-week high of $29.11 was reached on 08/09/23, a 52-week low of $22.08 was recorded on 01/05/23. SMA at 50 days reached $27.57, while 200 days put it at $25.39.

Levels Of Support And Resistance For BXSL Stock

The 24-hour chart illustrates a support level at 27.84, which if violated will result in even more drops to 27.65. On the upside, there is a resistance level at 28.16. A further resistance level may holdings at 28.29. The Relative Strength Index (RSI) on the 14-day chart is 58.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.03%. Stochastics %K at 85.33% indicates the stock is a selling.

How much short interest is there in Blackstone Secured Lending Fund?

A steep rise in short interest was recorded in Blackstone Secured Lending Fund stocks on Aug 14, 2023, dropping by -0.47 million shares to a total of 0.36 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.82 million shares. There was a decline of -131.36%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.43.

Blackstone Secured Lending Fund [BXSL] – Who Are The Largest Shareholders?

In filings from Nomura Asset Management Co., Ltd., it is revealed that the company now owns 5,407,122 shares, or roughly 3.27% of the outstanding BXSL shares. In other words, the investor’s shares have fallen by -163,549 from its previous 13-F filing of 5570671.0. Additionally, Bank of America, NA decreased -25.05% of its stake after which the total value it holdings stand at $86,090,724, while Morgan Stanley Smith Barney LLC added 3.78% of its stake to hold $82.82 million in the firm. Over the last quarter, Merrill Lynch, Pierce, Fenner & S purchased 8,088 shares of Blackstone Secured Lending Fund, while Creative Planning LLC bought 93,841 shares. At present, JPMorgan Securities LLC is holding 1,564,721 shares valued at $44.5 million. OMERS Administration Corp. owned 1,347,706 shares of the company at the time of its most recent 13F filing, worth $38.33 million.

According to FactSet, Blackstone Secured Lending Fund’s share price will average $29.61 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.95 percent from its previous closing price of $27.79. Analysts expect Blackstone Secured Lending Fund stock to reach the higher price of $31.00, while the lowest price estimate is $28.00. However, 9 analysts have rated BXSL stock as an Overweight in their predictions for 2023.


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