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 7,434 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
55% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 33
49% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 101
41% more call options, than puts
Call options by funds: $14.4M | Put options by funds: $10.3M
3% more funds holding
Funds holding: 367 [Q1] → 379 (+12) [Q2]
2.05% more ownership
Funds ownership: 34.53% [Q1] → 36.58% (+2.05%) [Q2]
2% less capital invested
Capital invested by funds: $2.55B [Q1] → $2.5B (-$48.5M) [Q2]
44% less funds holding in top 10
Funds holding in top 10: 16 [Q1] → 9 (-7) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$28
7%
downside
Avg. target
$28
7%
downside
High target
$28
7%
downside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Wells Fargo Finian O'Shea | 7%downside $28 | Equal-Weight Maintained | 7 Aug 2025 |
Financial journalist opinion
Based on 15 articles about BXSL published over the past 30 days
Positive
Seeking Alpha
1 day ago
Inside The Income Factory: Credit Asset Investing With Steven Bavaria
Steven Bavaria, from Inside the Income Factory, discusses credit assets like high-yield bonds, senior loans, and BDCs for stable, high-yield income, favoring closed-end funds for their resilience and discounts. Expense ratios for BDC ETFs like PBDC appear high due to accounting rules, but actual fund expenses are low—professional management adds only about 0.4%.
Positive
Seeking Alpha
4 days ago
3 Elite Stocks Yielding 8-10% That Could Be Perfect For What's Next
I believe the current administration will prioritize broad growth over fighting inflation, creating a rare, bullish environment for certain stocks. Economic indicators show growth is bottoming, inflation remains sticky, and recent policies set the stage for cyclical opportunities to thrive. I see a perfect setup for select companies to deliver strong income and total returns, and I'm closely monitoring this environment for action.
Negative
Seeking Alpha
5 days ago
2 BDCs To Dump Before The Fed Cuts
BDC earnings are exposed to interest rate cut risks. There is nothing that the managers can do to avoid it. Instead, they can try to mitigate it through balance sheet strength, equity investments, and well-covered dividends.
Positive
Seeking Alpha
1 week ago
Blackstone Secured Lending: I Say Chances Of A Dividend Cut Are About 50/50
BXSL remains a top-tier BDC with strong fundamentals, robust liquidity, and a defensive portfolio supporting its near double-digit yield. Despite analyst optimism, I maintain a hold rating due to macro uncertainty and the likelihood of lower base rates impacting earnings. BXSL's recent performance lags the broader index, reinforcing my view that a better entry point may emerge soon.
Positive
Seeking Alpha
1 week ago
Blackstone Secured Lending: A Peace-Of-Mind BDC With Upside
Blackstone Secured Lending stands out for its focus on first lien loans and industry-leading low non-accrual rates, ensuring high portfolio quality. BXSL's dividend was supported by net investment income, with a 1.0X coverage ratio in Q2, and I see the payout as safe. Despite a premium valuation (1.09X NAV), I believe BXSL's strong balance sheet and operational execution justify a higher P/NAV ratio vs. rivals.
Negative
Seeking Alpha
1 week ago
My Top 2 BDC Picks Now
We are in a 'hated bull market' with record highs despite weak economic fundamentals and tight fixed income spreads. High-risk assets like BDCs are especially vulnerable in this environment, making them less attractive compared to traditional value sectors. I expect most BDCs to underperform going forward, given market highs and unfavorable economic undercurrents.
Negative
Seeking Alpha
1 week ago
Attention High-Yield Investors: More BDC Dividend Cuts Are Likely Coming
The BDC sector faces mounting risks from a weakening economy, high consumer debt, and the potential for further dividend cuts as interest rates decline. Recent dividend cuts by several BDCs highlight the sector's vulnerability, despite some names maintaining resilience and attractive valuations. Spillover income offers only limited protection; tight dividend coverage and rising non-accruals signal caution for income-focused investors.
Negative
Seeking Alpha
1 week ago
It's All Downhill For Most BDCs, Here Is My Approach
Q2 earnings confirmed my call for a market rotation in BDCs; quality bias and selectivity remain critical for outperformance. Structural headwinds—spread compression, falling base rates, and thin dividend coverage—signal elevated risk of further dividend cuts across the sector. Current sector repricing is insufficient for broad new BDC allocations; most remain unattractive except for select names with strong fundamentals.
Positive
Seeking Alpha
1 week ago
My Dividend Stock Portfolio: New July Dividend Record - 100 Holdings With 12 Buys
July saw strong market gains, especially in tech, but finding bargains is tough as indices approach all-time highs. I focused July investments on high-yield BDCs like OBDC, MFIC, and BXSL, maintaining a 7.9% yield on cost. Dividend income hit a July record, up 22% year-over-year, with BDCs set to play an even bigger role in the coming months.
Negative
Seeking Alpha
2 weeks ago
Blackstone Secured Lending: Mediocre Earnings, Here's Our 'Soft' Hedge Move
BXSL's latest earnings were mediocre but not unexpected, with net investment income just covering the dividend and NAV slipping slightly. I maintain my long position in BXSL, favoring its traditional BDC structure and Blackstone backing as the external manager. We looked to produce a hedge to our long position by writing covered calls, which is a slightly defensive strategy.
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