Blackstone / Gso Loan Financing (LON:BGLF) Stock Price Down 14%

Blackstone / Gso Loan Financing Ltd (LON:BGLF)’s stock price dropped 14% on Wednesday . The company traded as low as GBX 0.79 ($0.01) and last traded at GBX 0.79 ($0.01), approximately 25,000 shares changed hands during trading. A decline of 63% from the average daily volume of 68,246 shares. The stock had previously closed at GBX 0.91 ($0.01).

The company has a quick ratio of 1,588.34, a current ratio of 1,588.67 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.18 million and a PE ratio of 10.53. The stock’s 50 day simple moving average is GBX 0.78 and its two-hundred day simple moving average is GBX 1.22.

The business also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a dividend of €0.03 ($0.03) per share. This represents a yield of 3.13%. The ex-dividend date is Thursday, October 31st. Blackstone / Gso Loan Financing’s dividend payout ratio is currently 133.33%.

About Blackstone / Gso Loan Financing (LON:BGLF)

Blackstone/GSO Loan Financing Limited is a closed-ended investment company. The Company’s investment objective is to provide Shareholders with stable and growing income returns, and to grow the capital value of the investment portfolio by exposure predominantly to floating rate senior secured loans directly and indirectly through collateralized loan obligation (CLO) securities and investments in Loan Warehouses.

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