BSL Stock Summary and Trading Ideas (Blackstone/Gso Senior Floating | NYSE:BSL)

Blackstone / GSO Senior Floating Rate Term Fund (“BSL” or herein, the “Fund”) is a closed-end fund that trades on the New York Stock Exchange under the symbol “BSL”. BSL’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. Under normal market conditions, the fund invests at least 80% of its total assets in senior, secured floating rate loans (“Senior Loans”). BSL may also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the fund.

Blackstone/Gso Senior Floating trades on the NYSE stock market under the symbol BSL.

As of April 24, 2024, BSL stock price declined to $14.29 with 51,883 million shares trading.

BSL has a beta of 0.26, meaning it tends to be less sensitive to market movements. BSL has a correlation of 0.17 to the broad based SPY ETF.

BSL has a market cap of $185.94 million. This is considered a Micro Cap stock.

In the last 3 years, BSL stock traded as high as $17.53 and as low as $12.19.

BSL has outperformed the market in the last year with a price return of +24.3% while the SPY ETF gained +24.2%. BSL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.1% and +2.0%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

BSL support price is $14.26 and resistance is $14.40 (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 BSL stock will trade within this expected range on the day.