Blackstone Loan Financing (LON:BGLF) Trading Down 0.9% – Time to Sell?

Blackstone Loan Financing Limited (LON:BGLF)’s stock price dropped 0.9% on Wednesday . The company traded as low as GBX 0.74 ($0.01) and last traded at GBX 0.74 ($0.01). Approximately 38,136 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,010,754 shares. The stock had previously closed at GBX 0.75 ($0.01).

Blackstone Loan Financing Stock Performance

The company has a current ratio of 528.21, a quick ratio of 439.38 and a debt-to-equity ratio of 0.67. The stock has a market cap of £3.29 million, a PE ratio of 5.71 and a beta of 0.72. The business’s 50-day moving average price is GBX 0.75 and its 200-day moving average price is GBX 0.71.

Blackstone Loan Financing Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, October 31st were issued a €0.02 ($0.02) dividend. This represents a yield of 3.26%. The ex-dividend date was Thursday, October 31st. Blackstone Loan Financing’s dividend payout ratio is currently 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.