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

Blackstone Loan Financing Limited (LON:BGLF)’s share price passed 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 traded.

Blackstone Loan Financing Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 439.38 and a current ratio of 439.40. The firm’s 50-day moving average is GBX 0.59 and its 200 day moving average is GBX 0.58. The firm has a market capitalization of £2.61 million, a PE ratio of 59.00 and a beta of 0.73.

Blackstone Loan Financing Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 1st were paid a €0.03 ($0.03) dividend. This is an increase from Blackstone Loan Financing’s previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, February 1st. This represents a yield of 5.08%. Blackstone Loan Financing’s payout ratio is presently 90,000.00%.

Blackstone Loan Financing Company Profile

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.