BGB Stock Summary and Trading Ideas (Blackstone/Gso Strategic Credit | NYSE:BGB)

Blackstone / GSO Strategic Credit Fund (“BGB” or herein, the “Fund”) is a closed-end fund that trades on the New York Stock Exchange under the symbol “BGB”. BGB’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. BGB invests primarily in a diversified portfolios or loans and other fixed income instruments of predominantly US Corporate issuers, including first-and second-lien loans (“Senior Secured Loans”) and high yield corporate bonds of varying maturities. BGB must hold no less than 80% of its Managed Assets in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics.

Blackstone/Gso Strategic Credit trades on the NYSE stock market under the symbol BGB.

As of April 19, 2024, BGB stock price climbed to $11.74 with 2,472 million shares trading.

BGB has a beta of 0.43, meaning it tends to be less sensitive to market movements. BGB has a correlation of 0.30 to the broad based SPY ETF.

BGB has a market cap of $524.36 million. This is considered a Small Cap stock.

In the last 3 years, BGB stock traded as high as $14.14 and as low as $10.27.

BGB has underperformed the market in the last year with a return of +17.6%, while the SPY ETF gained +22.1%. In the last 3 month period, BGB fell short of the market, returning +4.0%, while SPY returned +5.0%. However, in the most recent 2 weeks BGB has outperformed the stock market by returning +0.1%, while SPY returned -2.8%.

BGB support price is $11.67 and resistance is $11.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGB stock will trade within this expected range on the day.