Blackstone Loan Financing (LON:BGLF) Trading 2.7% Higher – What’s Next?

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

Blackstone Loan Financing Trading Up 2.7 %

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

Blackstone Loan Financing Dividend Announcement

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

About Blackstone Loan Financing

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.