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 15, 2024, BSL stock price climbed to $14.16 with 151,828 million shares trading.

BSL has a beta of 0.31, meaning it tends to be less sensitive to market movements. BSL has a correlation of 0.22 to the broad based SPY ETF.

BSL has a market cap of $184.20 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 stock has underperformed the market in the last year with a return of +22.4%, while SPY returned +23.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BSL shares. However, BSL has outperformed the market in the last 3 month and 2 week periods, returning +7.7% and -1.2%, while SPY returned +6.2% and -3.4%, respectively. This indicates BSL has been having a stronger performance recently.

BSL support price is $14.01 and resistance is $14.17 (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.