Blackstone Secured Loan Fund. (NYSE:BXSL) Raymond James Updated Stock Valuation

Blackstone Secured Loan Fund. (NYSE: BXSL) was reclassified by investment analysts at Raymond James to a “market performance” rating in a research note released on Monday, Fly reports.

Several other brokerages have also recently weighed in on BXSL. JPMorgan Chase & Co. assumed cover for the Blackstone Secured Lending Fund. in a report on Monday, November 22. They issued a “neutral” rating and a price target of $29.00 on the stock. Wells Fargo & Company has started covering the Blackstone Secured Lending Fund. in a report on Monday, November 22. They issued an “equal weight” rating and $30.00 price target on the stock. They noted that the move was a review call. Compass Point has started covering Blackstone Secured Lending Fund. in a research note from Monday, November 22. They issued a “neutral” rating and a price target of $29.50 on the stock. Keefe, Bruyette & Woods began hedging the Blackstone Secured Lending Fund. in a research note from Monday, November 22. They issued a “market performance” rating and a $30.00 price target on the stock. Finally, Citigroup began hedging the Blackstone Secured Lending Fund. in a research note from Tuesday, November 23. They issued a “neutral” rating and a price target of $32.00 on the stock. Eight equity research analysts gave the stock a hold rating and one gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.44.

Shares of BXSL opened at $29.77 on Monday. Blackstone Secured Loan Fund. has a 1-year low of $26.15 and a 1-year high of $38.32. The company’s 50-day moving average is $31.73.

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Blackstone Secured Loan Fund. (NYSE:BXSL) last released its quarterly earnings data on Friday, November 12. The company reported earnings per share (EPS) of $0.63 for the quarter. The company posted revenue of $166.88 million for the quarter. As a group, equity research analysts predict that Blackstone Secured Lending Fund. will show 2.42 EPS for the current year.

In other Blackstone secured loan funds. news, insider Robert J. Bass acquired 3,660 shares in a transaction dated Wednesday, November 17. The shares were purchased at an average price of $31.64 per share, with a total value of $115,802.40. The acquisition was disclosed in an SEC filing, which is available via this link.

Hedge funds have recently been buying and selling stocks. Nomura Asset Management Co. Ltd. acquired a new stake in the shares of Blackstone Secured Lending Fund. during the 4th quarter with a value of approximately $230,893,000. Kayne Anderson Capital Advisors LP has purchased a new stake in shares of Blackstone Secured Lending Fund. during the fourth quarter with a value of $3,965,000. JPMorgan Chase & Co. has acquired a new stake in shares of Blackstone Secured Lending Fund. during the fourth quarter for a value of $2,009,000. Leavell Investment Management Inc. has acquired a new equity position in Blackstone Secured Lending Fund. during the fourth quarter for a value of $1,622,000. Finally, Shufro Rose & Co. LLC acquired a new equity position in Blackstone Secured Lending Fund. during the fourth quarter for a value of $712,000.

Blackstone Secured Loan Fund. Company Profile

Blackstone Secured Lending Fund is a business development company managed externally by Blackstone Credit BDC Advisors LLC. The company is a specialty finance company that invests primarily in US private corporate debt. Blackstone Secured Lending Fund is based in NEW YORK.

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Analyst recommendations for Blackstone Secured Lending Fund.  (NYSE: BXSL)

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