Home Hedge Funds Blackstone Secured Lending Fund (NYSE:BXSL) Receives Consensus Recommendation of “Moderate Buy” from...

Blackstone Secured Lending Fund (NYSE:BXSL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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Blackstone Secured Lending Fund (NYSE:BXSLGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $29.56.

Separately, Compass Point upped their target price on shares of Blackstone Secured Lending Fund to $27.50 in a report on Monday, August 15th.

Blackstone Secured Lending Fund Stock Down 1.2 %

NYSE:BXSL opened at $24.69 on Friday. Blackstone Secured Lending Fund has a fifty-two week low of $22.00 and a fifty-two week high of $38.32. The stock has a market cap of $4.08 billion and a PE ratio of 9.61. The firm’s fifty day simple moving average is $23.90 and its 200-day simple moving average is $25.51.

Insider Buying and Selling

In other news, CEO Brad Marshall purchased 40,000 shares of Blackstone Secured Lending Fund stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $24.98 per share, for a total transaction of $999,200.00. Following the acquisition, the chief executive officer now directly owns 161,284 shares in the company, valued at $4,028,874.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Blackstone Secured Lending Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Blackstone Secured Lending Fund during the first quarter worth $209,000. Avestar Capital LLC bought a new stake in Blackstone Secured Lending Fund in the first quarter valued at about $309,000. Allworth Financial LP bought a new stake in Blackstone Secured Lending Fund in the first quarter valued at about $242,000. Lindbrook Capital LLC bought a new stake in Blackstone Secured Lending Fund in the first quarter valued at about $69,000. Finally, Leavell Investment Management Inc. increased its holdings in Blackstone Secured Lending Fund by 45.7% in the first quarter. Leavell Investment Management Inc. now owns 66,403 shares of the company’s stock valued at $1,918,000 after purchasing an additional 20,828 shares during the last quarter. Institutional investors and hedge funds own 21.96% of the company’s stock.

About Blackstone Secured Lending Fund

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Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).

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Analyst Recommendations for Blackstone Secured Lending Fund (NYSE:BXSL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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