Blackstone Loan Financing (LON:BGLF) Shares Down 0.9% – Here’s What Happened

Blackstone Loan Financing Limited (LON:BGLF) dropped 0.9% during mid-day trading 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 quick ratio of 439.38, a current ratio of 528.21 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of GBX 0.75 and a 200-day moving average of GBX 0.71. The company has a market cap of £3.29 million, a P/E ratio of 5.71 and a beta of 0.72.

Blackstone Loan Financing Announces Dividend

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

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.