Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
In a challenging market environment, Blackstone (NYSE:BX) Secured Lending Fund (BXSL) stock has reached its 52-week low, trading at $27.54. With a market capitalization of $6.65 billion and an attractive P/E ratio of 9.27, the company maintains strong fundamentals despite recent price weakness. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions. This price level reflects the broader economic headwinds and sector-specific challenges that have influenced investor sentiment. Despite market volatility, BXSL demonstrates resilience with impressive revenue growth of 16.04% and a substantial dividend yield of 10.55%. The fund’s performance, with a defensive beta of 0.46, highlights its potential as an income-generating investment. InvestingPro subscribers can access 7 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of BXSL’s market position and growth prospects.
In other recent news, Blackstone Secured Lending Fund (BXSL) reported its Q4 2024 earnings, with an earnings per share (EPS) of $0.84, narrowly missing the forecast of $0.85. Despite this slight shortfall, the company achieved a 16% year-over-year increase in total investment income, reaching $49 million. S&P Global Ratings revised its outlook on BXSL to positive from stable, highlighting the fund’s steady investment performance and liquidity, with a $2.4 billion liquidity position at the end of 2024. Additionally, BXSL agreed to issue $500 million in notes due 2030, as part of its broader debt strategy. Keefe, Bruyette & Woods analysts raised the stock target for BXSL to $32, maintaining a Market Perform rating, citing a stable quarter despite an earnings miss. The fund’s investment portfolio grew to $13.2 billion across 276 portfolio companies by the end of 2024, with a focus on first-lien debt. BXSL’s leverage was reported at 1.14x, remaining within expectations and well below the downside threshold. The fund demonstrated robust financial performance with a notable annualized return on equity of 12.3%.
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