Blackstone Loan Financing (LON:BGLF) Stock Crosses Below 50-Day Moving Average of $0.59

Shares of Blackstone Loan Financing Limited (LON:BGLF) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.59 ($0.01) and traded as low as GBX 0.57 ($0.01). Blackstone Loan Financing shares last traded at GBX 0.59 ($0.01), with a volume of 3,406,926 shares changing hands.

Blackstone Loan Financing Trading Up 3.5 %

The company has a market capitalization of £2.61 million, a price-to-earnings ratio of 59.00 and a beta of 0.73. The company has a quick ratio of 439.38, a current ratio of 439.40 and a debt-to-equity ratio of 0.64. The company’s 50 day simple moving average is GBX 0.59 and its two-hundred day simple moving average is GBX 0.58.

Blackstone Loan Financing Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 1st were given a dividend of €0.03 ($0.03) per share. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from Blackstone Loan Financing’s previous dividend of $0.02. This represents a yield of 5.08%. Blackstone Loan Financing’s dividend payout ratio (DPR) is currently 90,000.00%.

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.