Blackstone Secured Lending Fund Sees Unusually High Options Volume (NYSE:BXSL)

Blackstone Secured Lending Fund (NYSE:BXSL) saw unusually large options trading activity on Monday. Investors purchased 5,128 put options on the stock. This represents an increase of 755% compared to the typical volume of 600 put options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Synergies Wealth Advisors Inc. grew its holdings in Blackstone Secured Lending Fund by 3.0% in the second quarter. Financial Synergies Wealth Advisors Inc. now owns 11,888 shares of the company’s stock worth $364,000 after purchasing an additional 346 shares during the period. Comerica Bank grew its stake in shares of Blackstone Secured Lending Fund by 1.1% in the 1st quarter. Comerica Bank now owns 33,934 shares of the company’s stock valued at $1,057,000 after buying an additional 361 shares during the period. Guyasuta Investment Advisors Inc. grew its stake in shares of Blackstone Secured Lending Fund by 1.6% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 31,400 shares of the company’s stock valued at $868,000 after buying an additional 500 shares during the period. Inlet Private Wealth LLC increased its position in Blackstone Secured Lending Fund by 0.9% in the 2nd quarter. Inlet Private Wealth LLC now owns 54,574 shares of the company’s stock valued at $1,671,000 after buying an additional 500 shares in the last quarter. Finally, Wellington Shields Capital Management LLC boosted its holdings in Blackstone Secured Lending Fund by 6.3% in the second quarter. Wellington Shields Capital Management LLC now owns 8,465 shares of the company’s stock worth $259,000 after acquiring an additional 500 shares in the last quarter. 36.49% of the stock is owned by institutional investors and hedge funds.

Blackstone Secured Lending Fund Stock Performance

Blackstone Secured Lending Fund stock opened at $29.43 on Wednesday. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 7.85 and a beta of 0.44. Blackstone Secured Lending Fund has a 52-week low of $25.83 and a 52-week high of $32.67. The firm has a 50 day moving average price of $30.92 and a two-hundred day moving average price of $30.54.

Blackstone Secured Lending Fund (NYSE:BXSL) last announced its earnings results on Wednesday, May 8th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Blackstone Secured Lending Fund had a return on equity of 14.06% and a net margin of 55.54%. The firm had revenue of $303.96 million for the quarter, compared to the consensus estimate of $305.08 million. As a group, equities research analysts predict that Blackstone Secured Lending Fund will post 3.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price on Blackstone Secured Lending Fund from $32.00 to $31.50 and set an “overweight” rating for the company in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Blackstone Secured Lending Fund currently has an average rating of “Moderate Buy” and a consensus target price of $30.92.

Blackstone Secured Lending Fund Company Profile

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).