Blackstone Secured LendingBXSL
BXSL
About: Blackstone Secured Lending Fund is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation. The company seeks to achieve its investment objectives by investing in originated loans and other securities, including syndicated loans of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, unsecured and subordinated loans, and other securities.
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
108% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 79
94% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 34
40% more funds holding in top 10
Funds holding in top 10: 10 [Q3] → 14 (+4) [Q4]
27% more capital invested
Capital invested by funds: $1.94B [Q3] → $2.47B (+$533M) [Q4]
26% more call options, than puts
Call options by funds: $19.6M | Put options by funds: $15.5M
9% more funds holding
Funds holding: 338 [Q3] → 367 (+29) [Q4]
2.48% more ownership
Funds ownership: 32.85% [Q3] → 35.33% (+2.48%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$29
1%
downside
Avg. target
$31
7%
upside
High target
$35
19%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Wells Fargo Finian O'Shea 63% 1-year accuracy 38 / 60 met price target | 1%downside $29 | Equal-Weight Maintained | 28 Apr 2025 |
JP Morgan Melissa Wedel 53% 1-year accuracy 10 / 19 met price target | 2%upside $30 | Overweight Maintained | 24 Apr 2025 |
Keefe, Bruyette & Woods Ryan Lynch 33% 1-year accuracy 1 / 3 met price target | 6%upside $31 | Market Perform Maintained | 8 Apr 2025 |
Truist Securities Mark Hughes 58% 1-year accuracy 35 / 60 met price target | 19%upside $35 | Buy Maintained | 27 Feb 2025 |
Financial journalist opinion
Based on 18 articles about BXSL published over the past 30 days
Negative
Seeking Alpha
8 hours ago
My 3 Biggest BDC Investing Mistakes Worth Avoiding
I've been tracking major BDCs for over three years, achieving high total returns and dividends, and outperforming the BDC index. My investments in BDCs are motivated by high yield, diversification from traditional dividend picks, and the potential to outperform in an underexplored market. Yet, there have been many bumps in the process, and some of them quite painful.
Negative
Seeking Alpha
1 day ago
Dividend Cut Alert: 2 Popular High Yields Getting Too Risky
Two popular high-yield stocks flashing major warning signs for income investors. Chasing sky-high dividends could be setting you up for a painful payout cut. Hidden risks are lurking behind two of today's most tempting high-yield opportunities.
Positive
Seeking Alpha
2 days ago
These Assets Helped Me Achieve $3000 In Monthly Dividend Income
I transitioned from traditional S&P 500 index funds to high-yield dividend assets to build a more secure income stream. I eventually crossed an average above $3K per month. Business Development Companies like Ares Capital and Blackstone Secured Lending offer high dividend yields, making them attractive for income-focused portfolios. Option ETFs, such as JPMorgan Equity Premium Income ETF, provide substantial income but may underperform traditional indexes in total return.
Positive
Seeking Alpha
2 days ago
3 High-Yielding BDCs For 2025
Despite expected volatility and potential recession, Ares Capital, Blackstone Secured Lending, and Morgan Stanley Direct Lending are likely to maintain their current dividends in 2025. Ares Capital's conservative fiscal strategy, solid dividend coverage, and investment-grade credit ratings position it well for the year ahead. Blackstone Secured Lending's defensively-positioned portfolio and robust liquidity make it a strong contender, despite lower interest rates potentially impacting the sector.
Negative
Seeking Alpha
1 week ago
The Dark Side Of BDC Investing
3 hidden risks that could cause your BDC income to get slashed overnight. Why top names may face sharp declines ahead. The only BDCs we are still buying at High Yield Investor are not the ones you may think.
Positive
Seeking Alpha
1 week ago
Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.
Positive
Seeking Alpha
1 week ago
High-Yield Investors Rejoice: 2 Growth-Oriented BDCs Attractive On The Price Drop
Market volatility offers dividend investors a chance to buy high-quality BDCs like Blackstone Secured Lending and Morgan Stanley Direct Lending at attractive prices. Despite recession fears, BXSL and MSDL's strong fundamentals, low non-performing loans, and robust liquidity make them appealing investment opportunities. BXSL's $28 price and MSDL's discount to NAV present attractive entry points, backed by well-known asset managers and growth-focused strategies.
Positive
Seeking Alpha
1 week ago
Blackstone Secured Lending: Price Drop Creates Attractive Opportunity (Rating Upgrade)
Blackstone Secured Lending Fund offers a compelling 10.6% dividend yield and has a diverse, high-quality portfolio, making it a strong buy after recent price declines. The portfolio's focus on first lien debt and floating rate structures enhances security and income potential, especially in a high-interest-rate environment. Despite increased operating expenses and debt, BXSL's net investment income and NAV have shown consistent growth, reinforcing management's capital efficiency.
Negative
Seeking Alpha
1 week ago
BDC Weekly Review: Consequences Of The Trade War For BDCs
We take a look at the action in business development companies through the second week of April and highlight some of the key themes we are watching. BDCs experienced a 3% decline this week, with volatility at its highest since COVID; traded volumes matched COVID levels. The trade war and market meltdown are causing growth slowdowns and inflation, potentially leading to Fed rate cuts.
Positive
Seeking Alpha
1 week ago
Blackstone Secured Lending Fund Is A Buy Once Again
BXSL is a top-tier, defensive BDC with a strong first-lien debt focus, making it resilient in uncertain market conditions. Despite market challenges, BXSL's diversified portfolio and low non-accrual metrics make it a solid investment opportunity. The recent price drop makes BXSL attractive, with potential for over 14% capital upside and a 10.6% dividend yield.
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