The Technical Analyst
BlackRock Floating Rate [BGT]
Exchange: NYSE Sector: Financial Services Industry: Asset Management
BlackRock Floating Rate Price, Forecast, Insider, Ratings, Fundamentals & Signals
1.52% 13.34
America/New_York / 8 mai 2024 @ 16:00
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 298.29 mill |
| EPS: | 1.750 |
| P/E: | 7.62 |
| Earnings Date: | N/A |
| SharesOutstanding: | 22.36 mill |
| Avg Daily Volume: | 0.0914 mill |
| RATING 2024-05-08 |
|---|
| B+ |
| Neutral |
| RATINGS | ||
|---|---|---|
| Rating CashFlow: | Strong Sell | |
| Return On Equity: | Strong Buy | |
| Return On Asset: | Strong Buy | |
| DE: | Sell | |
| P/E: | Sell | |
| Price To Book: | Neutral |
| QUARTER GROWTHS | ||||||
|---|---|---|---|---|---|---|
| 3/22 | 4/22 | 1/23 | 2/23 | 3/23 | 4/23 | |
| Revenue | ||||||
| Gr.Profit | ||||||
| Ebit | ||||||
| Asset | n/a | n/a | n/a | |||
| Debt | n/a | n/a | n/a |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.77x |
| Company: PE 7.62 | sector: PE 9.91 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| 0.38x |
| Company: PE 7.62 | industry: PE 20.04 |
| DISCOUNTED CASH FLOW VALUE |
|---|
|
-3.18 (-123.82%) -16.52 |
| Date: 2024-05-08 |
| Expected Trading Range (DAY) |
|---|
|
13.20 - 13.48 ( +/- 1.06%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2024-01-31 | Parzanese Abigail | Buy | 532 | Phantom Shares |
| 2024-01-31 | Wilson Carly | Buy | 2 708 | Phantom Shares |
| 2024-01-31 | Delbos David | Buy | 9 451 | Phantom Shares |
| 2024-01-31 | Garfin Mitchell | Buy | 4 857 | Phantom Shares |
| 2023-09-09 | Steinmetz Arthur Philip | Buy | 0 |
| INSIDER POWER |
|---|
| 98.99 |
| Last 87 transactions |
| Buy: 71 883 | Sell: 67 842 |
Live Trading Signals (every 1 min)
Forecast
1: 16:00 - 13.33
Forecast 2: 16:00 - 13.33
Forecast 3: 16:00 - 13.33
SCORE
10.00
Buy
10.00
Buy
Score Algorithm Version: 1.2C
Last version updated: Fri April 15th, 2022
Last version updated: Fri April 15th, 2022
| Indicator Signals | |
|---|---|
| RSI 21 | |
| SMA | |
| Trend | |
| Trend 2 | |
| Trend 3 | |
| MACD |
| Volume Signals | |
|---|---|
| Price | 13.34 (1.52% ) |
| Volume | 0.131 mill |
| Avg. Vol. | 0.0914 mill |
| % of Avg. Vol | 143.11 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For BGT
0 Signals | Accuracy: 0.00% | Accuracy Buy: 0.00% | Accuracy Sell: 0.00%
Avg return buy: 0.00 % | Avg return sell: 0.00 %
$1 invested is now $1.00 or 0.00% since Coming Soon
| Date | Signal | @ | Closed | % |
|---|
BGT
BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.
Latest Press Releases
2024-03-01 16:30:00 - Press Release
Distribution Dates And Amounts Announced For Certain Blackrock Closed-end Funds
New york--(business wire)--certain blackrock closed-end funds (the “funds”) announced distributions today as detailed below. municipal funds: declaration- 3/1/2024 ex-date- 3/14/2024 record- 3/15/2024 payable- 4/1/2024 national funds ticker distribution change from prior distribution blackrock municipal income quality trust* bym $0.052500 - blackrock long-term municipal advantage trust* bta $0.043500 - blackrock muniassets fund, inc.* mua $0.055500 - blackrock municipal income fund, inc.
2023-12-05 17:00:00 - Press Release
Distribution Dates And Amounts Announced For Certain Blackrock Closed-end Funds
New york--(business wire)--certain blackrock closed-end funds (the “funds”) announced distributions today as detailed below. blackrock floating rate income trust (nyse: bgt), blackrock floating rate income strategies fund, inc. (nyse: fra) and blackrock debt strategies fund, inc. (nyse: dsu) announced increases to their monthly distributions. certain blackrock municipal funds previously declared their december, january and february distributions and declared special distributions today in order.
2023-10-31 17:15:00 - Press Release
Certain Blackrock Closed-end Funds Announce Estimated Sources Of Distributions
New york--(business wire)--today, blackrock resources & commodities strategy trust (nyse: bcx), blackrock enhanced equity dividend trust (nyse: bdj), blackrock energy and resources trust (nyse: bgr), blackrock enhanced international dividend trust (nyse: bgy), blackrock health sciences trust (nyse: bme), blackrock health sciences term trust (nyse: bmez), blackrock enhanced global dividend trust (nyse: boe), blackrock utilities, infrastructure & power opportunities trust (nyse: bui), bla.
2023-09-29 16:30:00 - Press Release
Certain Blackrock Closed-end Funds Announce Estimated Sources Of Distributions
New york--(business wire)--today, blackrock resources & commodities strategy trust (nyse: bcx), blackrock enhanced equity dividend trust (nyse: bdj), blackrock energy and resources trust (nyse: bgr), blackrock enhanced international dividend trust (nyse: bgy), blackrock health sciences trust (nyse: bme), blackrock health sciences term trust (nyse: bmez), blackrock enhanced global dividend trust (nyse: boe), blackrock utilities, infrastructure & power opportunities trust (nyse: bui), bla.
2023-08-31 16:30:00 - Press Release
Certain Blackrock Closed-end Funds Announce Estimated Sources Of Distributions
New york--(business wire)--today, blackrock resources & commodities strategy trust (nyse: bcx), blackrock enhanced equity dividend trust (nyse: bdj), blackrock energy and resources trust (nyse: bgr), blackrock enhanced international dividend trust (nyse: bgy), blackrock health sciences trust (nyse: bme), blackrock health sciences term trust (nyse: bmez), blackrock enhanced global dividend trust (nyse: boe), blackrock utilities, infrastructure & power opportunities trust (nyse: bui), bla.
Latest News
2024-02-22 17:54:46 - Seeking Alpha
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
The BlackRock Floating Rate Income Trust Fund offers an attractive current yield of 11.26%, which is in line with its peers.
2023-12-02 04:31:23 - Seeking Alpha
BGT: The Glory Days For Floaters May Be Ending
The article evaluates the BlackRock Floating Rate Income Trust as an investment option at its current market price. Investing in floating rate securities has been a successful strategy, delivering strong total returns. But that could change next year. I see an uptick in default rates and a more dovish Fed in 2024 as potential headwinds that will moderate returns going forward.
2023-10-21 00:21:49 - Seeking Alpha
BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
The BlackRock Floating Rate Income Trust is a closed-end fund that focuses on leveraged loans with the primary goal of generating current income for investors. The fund's distribution yield is well-covered, with most of the distribution coming from income received from underlying loans (96%) rather than return of capital. BGT maintains a balanced composition, with 62% of the portfolio in 'B' rated loans and only 9.35% in 'CCC' loans, demonstrating a diversified risk approach.
2023-09-25 12:00:16 - Seeking Alpha
Rising Interest Rates Got You Down? Try Floating Above The Fear
Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating market concerns. Investing in CEFs that hold floating rate senior loans can provide a high yield income stream that benefits from rising interest rates.
2023-08-17 11:03:07 - Seeking Alpha
BGT: A Year Later, The Buy Case For Floaters Persists
BlackRock Floating Rate Income Trust has been a strong performer, outpacing the S&P 500. The fund is currently trading at a discount to its net asset value, making it an attractive investment. BGT's income has been increasing along with higher interest rates, making it a good option for investors looking for a high income stream.
2023-07-15 08:55:25 - Seeking Alpha
CEF Weekly Review: Discount Pro-Cyclicality Is Not Fully Rational
We review CEF market valuation and performance through the first week of July and highlight recent market action. CEFs were roughly flat on the week as NAVs fell while discounts remained resilient. CEF discounts tend to be procyclical, which remains an odd but welcome feature of the CEF market.
2023-07-10 02:42:34 - Seeking Alpha
BGT: Amortizing 'Return Of Principal' Loan Fund
BGT generates a high distribution yield from a portfolio of junk loans. BlackRock Floating Rate Income Trust pays an attractive 11.8% forward distribution yield. However, I recommend investors avoid BGT as there is a mismatch between the fund's long-term returns of 5.4% over 15 years and the double-digit distribution yield paid.
2023-03-16 08:03:51 - Seeking Alpha
Weekly Closed-End Fund Roundup - March 5, 2023
19 out of 22 CEF sectors were positive on price and 12 out of 22 sectors were positive on NAV last week. Delaware/Abrdn mergers are closing this week.
2023-03-04 02:09:25 - Seeking Alpha
BGT: Floaters Still Look Attractive
Floating rate debt should remain in demand as the Fed continues to raise its benchmark rate. Further, the market is starting to come to terms with the fact that rates will be "higher for longer".
2022-10-28 11:50:11 - Seeking Alpha
FRA And BGT: Distribution Boosts And Wide Discounts
BlackRock announced its latest distributions earlier this month, with several boosts and cuts. Of those that boosted, two of those were FRA and BGT.