BXSL
Blackstone Secured Lending Fund Financial Services - BDC Investor Relations →
Blackstone Secured Lending Fund (BXSL) closed at $24.84 as of 2026-09-18, trading 8.0% above its 200-week moving average of $23.00. The stock moved further from the line this week, up from 6.3% last week. The 14-week RSI sits at 67, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.05 ratio) is neutral — neither side is clearly dominating.
Over the past 207 weeks of data, BXSL has crossed below its 200-week moving average 2 times. On average, these episodes lasted 10 weeks. Historically, investors who bought BXSL at the start of these episodes saw an average one-year return of +32.9%.
With a market cap of $5.8 billion, BXSL is a mid-cap stock. The company generates a free cash flow yield of 7.1%, which is healthy. Return on equity stands at 4.8%. The stock trades at 1.0x book value.
Share count has increased 44.7% over three years, indicating dilution.
Over the past 4 years, a hypothetical investment of $100 in BXSL would have grown to $160, compared to $208 for the S&P 500. BXSL has returned 12.6% annualized vs 20.1% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: BXSL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BXSL Crosses Below the Line?
Across 2 historical episodes, buying BXSL when it crossed below its 200-week moving average produced an average return of +37.0% after 12 months (median +39.0%), compared to +20.0% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +53.5% vs +46.0% for the index.
Each line shows $100 invested at the moment BXSL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices BXSL would reach each dislocation threshold.
Dislocation Price Levels
Prices where BXSL's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-06-30).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $20.47 | Unusually cheap — analysis point |
| Value | +1σ | $21.92 | Cheap vs. own history |
| Fair Value | +0σ | $23.58 | Historical mean behavior |
| Expensive | -1σ | $25.52 | Expensive vs. own history |
| Deep Expensive | -2σ | $27.80 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-06 | $0.66 | $0.75 | +13.7% |
| 2026-05-07 | $0.74 | $0.77 | +4.5% |
| 2026-02-25 | $0.79 | $0.80 | +1.8% |
| 2025-11-10 | $0.79 | $0.82 | +4.2% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from BXSL's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
BXSL has crossed below its 200-week MA 2 times with an average 1-year return of +32.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2022 | Feb 2023 | 19 | 10.5% | +26.2% | +61.5% |
| Mar 2023 | Mar 2023 | 1 | 1.3% | +39.5% | +49.4% |
| Average | 10 | — | +32.9% | — |
Frequently Asked Questions
Is BXSL below its 200-week moving average?
No. Blackstone Secured Lending Fund (BXSL) is currently 8.0% above its 200-week moving average of $23.00. It would need to fall to $23.00 to cross below the line.
What is BXSL's 200-week moving average price?
Blackstone Secured Lending Fund's 200-week moving average is $23.00 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BXSL drops below its 200-week moving average?
BXSL has crossed below its 200-week moving average 2 times in our data. On average, buying at that moment produced a one-year return of +32.9%. These dips have historically been decent entry points. These episodes lasted 10 weeks on average.
Is BXSL a good value right now?
Here's what our data says about BXSL as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 67. Free cash flow yield is 7.1%. Return on equity is 4.8%. Price-to-book is 1.0x. This is not a buy or sell recommendation — always do your own research.
How does BXSL compare to the S&P 500?
Over the past 4 years, $100 invested in BXSL would have grown to $160, compared to $208 for the S&P 500. That's 12.6% annualized vs 20.1% for the index. BXSL has underperformed the broader market over this period.
Does BXSL pay a dividend?
Yes. Blackstone Secured Lending Fund currently pays a dividend yield of 1216.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18