Blackstone Loan Financing (LON:BGLF) Shares Up 2.7% – Still a Buy?

Blackstone Loan Financing Limited (LON:BGLF) shares were up 2.7% on Friday . The company traded as high as GBX 0.79 ($0.01) and last traded at GBX 0.77 ($0.01). Approximately 1,050,511 shares changed hands during trading, an increase of 50% from the average daily volume of 700,694 shares. The stock had previously closed at GBX 0.75 ($0.01).

Blackstone Loan Financing Stock Performance

The company has a market cap of £3.41 million, a PE ratio of 5.92 and a beta of 0.72. The firm’s 50 day moving average is GBX 0.70 and its 200-day moving average is GBX 0.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 439.38 and a current ratio of 528.21.

Blackstone Loan Financing Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, October 31st will be paid a dividend of €0.02 ($0.02) per share. This represents a yield of 3.26%. The ex-dividend date of this dividend is Thursday, October 31st. Blackstone Loan Financing’s dividend payout ratio (DPR) is currently 6,923.08%.

Blackstone Loan Financing Company Profile

Blackstone/GSO Loan Financing Ltd is an internally managed investment fund. it invests in floating rate senior secured loans directly and indirectly through CLO Securities. Blackstone/GSO Loan Financing Ltd was founded in 2014 and is domiciled in Jersey, Channel Islands.