Blackstone Secured Lending Fund (NYSE:BXSL) Short Interest Update

Blackstone Secured Lending Fund (NYSE:BXSL) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 5,627,512 shares, a decline of 12.8% from the January 15th total of 6,455,398 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily volume of 1,880,369 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 1,880,369 shares, the short-interest ratio is currently 3.0 days. Approximately 2.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BXSL shares. Wells Fargo & Company lowered Blackstone Secured Lending Fund from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Wednesday, January 7th. Royal Bank Of Canada dropped their price objective on shares of Blackstone Secured Lending Fund from $32.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods decreased their target price on shares of Blackstone Secured Lending Fund from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. B. Riley Financial lowered their target price on shares of Blackstone Secured Lending Fund from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Bank of America dropped their price target on shares of Blackstone Secured Lending Fund from $33.50 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Blackstone Secured Lending Fund presently has an average rating of “Moderate Buy” and an average price target of $29.13.

Blackstone Secured Lending Fund Price Performance

NYSE BXSL opened at $24.64 on Tuesday. Blackstone Secured Lending Fund has a 1-year low of $24.17 and a 1-year high of $34.64. The firm has a market capitalization of $5.70 billion, a P/E ratio of 9.26 and a beta of 0.41. The business’s 50-day simple moving average is $26.39 and its 200-day simple moving average is $27.30.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Institutional investors have recently bought and sold shares of the business. FLC Capital Advisors raised its stake in shares of Blackstone Secured Lending Fund by 2.8% in the 2nd quarter. FLC Capital Advisors now owns 14,715 shares of the company’s stock valued at $452,000 after acquiring an additional 405 shares during the period. Delphi Management Inc. MA increased its holdings in Blackstone Secured Lending Fund by 0.9% in the 4th quarter. Delphi Management Inc. MA now owns 45,939 shares of the company’s stock valued at $1,210,000 after purchasing an additional 421 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in Blackstone Secured Lending Fund by 5.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 7,704 shares of the company’s stock valued at $201,000 after purchasing an additional 430 shares during the period. Comprehensive Money Management Services LLC raised its position in Blackstone Secured Lending Fund by 2.7% in the third quarter. Comprehensive Money Management Services LLC now owns 16,916 shares of the company’s stock valued at $441,000 after purchasing an additional 440 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV lifted its stake in shares of Blackstone Secured Lending Fund by 1.8% during the fourth quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 25,632 shares of the company’s stock worth $675,000 after purchasing an additional 443 shares in the last quarter. 36.49% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund (NYSE: BXSL) is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.