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 25, 2024, BGB stock price declined to $11.72 with 25,729 million shares trading.

BGB has a beta of 0.38, meaning it tends to be less sensitive to market movements. BGB has a correlation of 0.26 to the broad based SPY ETF.

BGB has a market cap of $523.47 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 stock has underperformed the market in the last year with a return of +19.9%, while SPY returned +22.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BGB shares. However, BGB has outperformed the market in the last 3 month and 2 week periods, returning +4.3% and +0.3%, while SPY returned +3.0% and -3.1%, respectively. This indicates BGB has been having a stronger performance recently.

BGB support price is $11.73 and resistance is $11.85 (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.