Wall Street Zen Upgrades Blackstone Secured Lending Fund (NYSE:BXSL) to Hold

Blackstone Secured Lending Fund (NYSE:BXSL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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

Blackstone Secured Lending Fund Price Performance

Shares of BXSL opened at $23.75 on Friday. The business has a 50-day moving average of $26.06 and a 200-day moving average of $27.11. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.93 and a beta of 0.41. Blackstone Secured Lending Fund has a 1 year low of $23.42 and a 1 year high of $34.59.

Institutional Trading of Blackstone Secured Lending Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Delphi Management Inc. MA increased its stake 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 buying an additional 421 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of Blackstone Secured Lending Fund by 5.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 7,704 shares of the company’s stock valued at $201,000 after acquiring an additional 430 shares during the last quarter. Comprehensive Money Management Services LLC lifted its holdings in Blackstone Secured Lending Fund by 2.7% during the third quarter. Comprehensive Money Management Services LLC now owns 16,916 shares of the company’s stock worth $441,000 after acquiring an additional 440 shares during the period. Walter & Keenan Wealth Management LLC IN ADV boosted its position in Blackstone Secured Lending Fund by 1.8% in 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 during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in Blackstone Secured Lending Fund by 2.4% in the 4th quarter. Wealthspire Advisors LLC now owns 19,343 shares of the company’s stock valued at $509,000 after purchasing an additional 461 shares during the period. 36.49% of the stock is owned by 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.