Blackstone Loan Financing (LON:BGLF) Share Price Crosses Below 50 Day Moving Average of $0.59

Blackstone Loan Financing Limited (LON:BGLF)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.59 ($0.01) and traded as low as GBX 0.57 ($0.01). Blackstone Loan Financing shares last traded at GBX 0.59 ($0.01), with a volume of 3,406,926 shares changing hands.

Blackstone Loan Financing Stock Performance

The stock has a market cap of £2.61 million, a PE ratio of 59.00 and a beta of 0.73. The firm’s 50-day moving average is GBX 0.59 and its 200 day moving average is GBX 0.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 439.38 and a current ratio of 439.40.

Blackstone Loan Financing Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 1st were paid a dividend of €0.03 ($0.03) per share. This is an increase from Blackstone Loan Financing’s previous dividend of $0.02. The ex-dividend date was Thursday, February 1st. This represents a dividend yield of 5.08%. Blackstone Loan Financing’s dividend payout ratio is 90,000.00%.

Blackstone Loan Financing Company Profile

Blackstone/GSO Loan Financing Ltd is an internally managed investment fund. it invests in floating rate senior secured loans directly and indirectly through CLO Securities. Blackstone/GSO Loan Financing Ltd was founded in 2014 and is domiciled in Jersey, Channel Islands.