BXSL Stock Recent News

Blackstone Secured Lending Fund (BXSL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

The stock market has roared back to life in 2023 and has largely outperformed expectations. Investors have begun to pour back into the stock market in search of bargains.

We catch up on Q1 results from BDC Blackstone Secured Lending and highlight key income dynamics of the portfolio. The company delivered another NAV gain and net income rise over the quarter.

Blackstone Secured Lending Fund (NYSE:BXSL ) Q1 2023 Results Conference Call May 10, 2023 9:30 AM ET Company Participants Weston Tucker - Head of Investor Relations Brad Marshall - Chairman and Co-Chief Executive Officer Jonathan Bock - Co-Chief Executive Officer Teddy Desloge - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Casey Alexander - Compass Point Kenneth Lee - RBC Capital Markets Robert Dodd - Raymond James Ryan Lynch - KBW Melissa Wedel - JP Morgan Operator Good day, and welcome to the Blackstone Secured Lending's First Quarter 2023 Investor Call. Today's conference is being recorded.

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.61 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) (the “Company”) announced today that it will host its first quarter investor conference call via public webcast on May 10, 2023 at 9:30 a.m. ET. The Company will report its first quarter results prior to the call the morning of May 10, 2023. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1610895&tp_key=942bbd7160 For those unable to listen to the live broadca.

Here is how Blackstone Secured Lending Fund (BXSL) and UWM Holdings Corporation (UWMC) have performed compared to their sector so far this year.

We take a look at the action in business development companies through the first week of March and highlight some of the key themes we are watching. BDCs were flat during the week, taking a breather from the recent strong run.

We catch up on Q4 results from BDC Blackstone Secured Lending and highlight key income dynamics of the portfolio. BXSL delivered a 3% total NAV return over the quarter and hiked the dividend 17%.

Blackstone Secured Lending has seen its stock price climb rapidly after the BDC declared a 17% increase in its quarterly dividend payout. The portfolio is well-performing and BXSL covered its dividend easily with NII in 2022.