Blackstone Secured Lending Fund (NYSE:BXSL) Upgraded at Wall Street Zen

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

A number of other analysts have also issued reports on BXSL. B. Riley Financial lowered their price target on Blackstone Secured Lending Fund from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Bank of America lowered 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 research note on Friday, November 28th. Keefe, Bruyette & Woods reduced their target price on shares of 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. Royal Bank Of Canada decreased 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 note on Wednesday, November 12th. Finally, Wells Fargo & Company cut shares of Blackstone Secured Lending Fund from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $26.00 to $24.00 in a research note on Wednesday, January 7th. Six 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 a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

Blackstone Secured Lending Fund Trading Down 0.7%

Shares of Blackstone Secured Lending Fund stock opened at $23.75 on Friday. Blackstone Secured Lending Fund has a twelve month low of $23.42 and a twelve month high of $34.59. The firm has a market capitalization of $5.49 billion, a PE ratio of 8.93 and a beta of 0.41. The firm’s 50-day moving average price is $26.06 and its 200 day moving average price is $27.16.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

A number of hedge funds have recently modified their holdings of BXSL. Mesirow Financial Investment Management Inc. raised its holdings in Blackstone Secured Lending Fund by 112.6% in the second quarter. Mesirow Financial Investment Management Inc. now owns 26,195 shares of the company’s stock valued at $805,000 after acquiring an additional 13,875 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in Blackstone Secured Lending Fund by 6.0% during the 2nd quarter. Simon Quick Advisors LLC now owns 15,444 shares of the company’s stock worth $475,000 after acquiring an additional 872 shares in the last quarter. Muzinich & Co. Inc. increased its position in shares of Blackstone Secured Lending Fund by 41.8% in the 2nd quarter. Muzinich & Co. Inc. now owns 646,277 shares of the company’s stock valued at $19,873,000 after purchasing an additional 190,431 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Blackstone Secured Lending Fund by 8.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,316 shares of the company’s stock valued at $256,000 after purchasing an additional 644 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Blackstone Secured Lending Fund during the 2nd quarter worth $1,125,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.

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.