Blackstone Secured Lending Fund Q3: The Top BDC To Buy Or Add To For 2024

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Blackstone Secured Lending ($NYSE:BXSL) Q3 is the top BDC to buy or add to your portfolio for 2024. The Blackstone Group, a global alternative asset management firm, is the parent company of Blackstone Secured Lending Fund, a business development company (BDC). BDCs are highly regulated investment companies that provide capital to small and medium-sized companies, creating jobs and stimulating economic growth. Blackstone Secured Lending Fund has an established track record of providing investors with attractive returns. Its portfolio is diversified across various financial services sectors, offering a broad range of investments. It has experienced leadership and a robust risk management system to ensure consistent performance and minimize risks.

In addition to its attractive returns, Blackstone Secured Lending Fund provides investors with an easy and cost-effective way to diversify their portfolios. It has a low minimum investment and doesn’t charge any management fees. Furthermore, its investments are managed by an experienced team and its accounts are fully transparent. With its impressive track record and low costs, it is an ideal choice for investors looking for attractive returns in an uncertain market.

Share Price

The BLACKSTONE SECURED LENDING FUND had a strong third quarter, with its stock opening on Tuesday at $27.7 and closing at $27.9, up by 0.8% from its last closing price of 27.6. The fund seeks to provide investors with high current income, capital preservation, and low volatility of returns through investing in a diversified portfolio of secured loans and other financial instruments issued by U.S. and foreign companies. With its attractive returns and low risk profile, the BLACKSTONE SECURED LENDING FUND is an ideal addition to any investor’s portfolio in preparation for 2024. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for BXSL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for BXSL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for BXSL. More…

Key Ratios Snapshot

Some of the financial key ratios for BXSL are shown below. More…

Analysis

Our Star Chart classified it as a Cheetah – a company that achieves high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to investors looking for short term capital gains, but the stability of the company must be taken into consideration. Furthermore, BLACKSTONE SECURED LENDING FUND has a low health score of 2/10, indicating that it is less likely to pay off debt and fund future operations. Specifically, it is weak in cashflow and debt, medium in asset, dividend, and profitability. Investors should take all these factors into consideration when evaluating BLACKSTONE SECURED LENDING FUND for their portfolio. More…

Peers

The competition between Blackstone Secured Lending Fund and its competitors, Princeton Capital Corp, OFS Capital Corp, and Franklin BSP Lending Corp, is intense as each strives to provide the best lending services to their clients. All four companies have a long history in the lending industry, and each has its own unique approach to the business. As such, the competition for market share is fierce, with each company looking for an edge over its rivals.

– Princeton Capital Corp ($OTCPK:PIAC)

Princeton Capital Corp is a financial services company that provides investment and asset management services. As of 2022, its market capitalization was 42.17 million, reflecting its financial strength and market presence. Furthermore, its return on equity (ROE) was 12.71%, indicating that the company has been able to use its resources efficiently to generate higher returns. Princeton Capital Corp has been able to consistently generate healthy returns, making it an attractive option for investors.

– OFS Capital Corp ($NASDAQ:OFS)

OFS Capital Corp is a closed-end investment company that specializes in providing customized financing solutions to mid-market companies. The company’s market capitalization as of 2022 is 146.52M, making it a mid-sized entity in the investment sector. Its Return on Equity (ROE) of 2.34% indicates a healthy financial performance, as it is above the industry average. The company provides capital to businesses in need of financing to support their growth plans, and also invests in debt securities of such companies. OFS Capital Corp’s mission is to generate attractive risk-adjusted returns by investing in high quality middle market companies.

– Franklin BSP Lending Corp ($OTCPK:BDVC)

Franklin BSP Lending Corp is a financial services company that specializes in providing consumer loans, mortgages, and other types of banking services. As of 2022, the company has a market cap of 1.29B and a Return on Equity of 4.33%. This market cap is an indication of the company’s value and strength in the market, while the Return on Equity shows how successful the company is at generating profits from its investments. The company has been successful in the past and is looking to continue its growth in the future.

Summary

Blackstone Secured Lending Fund (BSLF) is an income-driven, closed-end fund (CEF) that invests primarily in first-lien secured loans. It seeks to provide investors with a high level of current income and some capital appreciation potential. BSLF takes a conservative approach to investing, focusing on loans from high-quality borrowers, with an emphasis on credit quality, loan structure and collateral coverage. BSLF has a strong track record of consistent income payments, with a steady 10-year history of dividend payments that have been consistently above its peers.

Its portfolio has a lower risk profile compared to many other CEFs. BSLF has a low expense ratio relative to its peers, and it currently trades at a discount to its net asset value (NAV), providing shareholders with an attractive entry point. With its solid income and discounted price, BSLF is an attractive option for investors seeking to add income and capital appreciation potential to their portfolios in the coming year.