Blackstone Secured Lending Fund (BXSL) to Release Earnings on Thursday

Blackstone Secured Lending Fund (NYSE:BXSLGet Rating) will be posting its quarterly earnings results before the market opens on Thursday, August 11th. Analysts expect Blackstone Secured Lending Fund to post earnings of $0.59 per share for the quarter.

Blackstone Secured Lending Fund (NYSE:BXSLGet Rating) last posted its earnings results on Thursday, May 12th. The company reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The business had revenue of $186.00 million for the quarter, compared to analyst estimates of $183.44 million. On average, analysts expect Blackstone Secured Lending Fund to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Blackstone Secured Lending Fund Price Performance

BXSL opened at $23.91 on Thursday. The firm has a 50 day moving average price of $23.89 and a 200 day moving average price of $26.66. Blackstone Secured Lending Fund has a 1 year low of $22.00 and a 1 year high of $38.32.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BXSL shares. Raymond James raised shares of Blackstone Secured Lending Fund from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Friday, May 13th. Compass Point raised shares of Blackstone Secured Lending Fund from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Blackstone Secured Lending Fund has an average rating of “Moderate Buy” and a consensus target price of $29.81.

Hedge Funds Weigh In On Blackstone Secured Lending Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. boosted its stake in shares of Blackstone Secured Lending Fund by 107.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,171 shares of the company’s stock valued at $61,000 after buying an additional 1,125 shares during the last quarter. BlackRock Inc. acquired a new position in Blackstone Secured Lending Fund in the first quarter worth $168,000. Hsbc Holdings PLC acquired a new position in Blackstone Secured Lending Fund in the first quarter worth $203,000. Chicago Partners Investment Group LLC acquired a new position in Blackstone Secured Lending Fund in the first quarter worth $200,000. Finally, Renaissance Technologies LLC acquired a new position in Blackstone Secured Lending Fund in the first quarter worth $268,000. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

About Blackstone Secured Lending Fund

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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).

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