The Technical Analyst
BlackRock Floating Rate [FRA]
Exchange: NYSE Sector: Financial Services Industry: Asset Management
BlackRock Floating Rate Price, Forecast, Insider, Ratings, Fundamentals & Signals
0.45% $13.25
America/New_York / 8 mai 2024 @ 16:00
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 466.83 mill |
| EPS: | 1.770 |
| P/E: | 7.49 |
| Earnings Date: | N/A |
| SharesOutstanding: | 35.23 mill |
| Avg Daily Volume: | 0.151 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 |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.76x |
| Company: PE 7.49 | sector: PE 9.91 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| 0.37x |
| Company: PE 7.49 | industry: PE 20.04 |
| DISCOUNTED CASH FLOW VALUE |
|---|
|
$-2.85 (-121.51%) $-16.10 |
| Date: 2024-05-09 |
| Expected Trading Range (DAY) |
|---|
|
$ 13.10 - 13.40 ( +/- 1.10%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2023-09-09 | Steinmetz Arthur Philip | Buy | 0 | |
| 2023-07-01 | Wasserman Aaron David | Buy | 0 | |
| 2023-01-31 | Delbos David | Buy | 3 204 | Common Stock |
| 2023-01-31 | Delbos David | Sell | 3 204 | Common Stock |
| 2023-01-31 | Delbos David | Sell | 3 204 | Phantom Shares |
| INSIDER POWER |
|---|
| -33.33 |
| Last 81 transactions |
| Buy: 139 139 | Sell: 67 002 |
Forecast:
16:00 - $13.25
Live Trading Signals (every 1 min)
Forecast
1: 16:00 - $13.25
Forecast 2: 16:00 - $13.25
Forecast 3: 16:00 - $13.25
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 | $13.25 (0.45% ) |
| Volume | 0.127 mill |
| Avg. Vol. | 0.151 mill |
| % of Avg. Vol | 83.82 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For FRA
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 | % |
|---|
FRA
BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 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.
2023-08-31 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.
2021-01-11 16:30:00 - Press Release
Certain Blackrock Closed-end Funds Announce Estimated Sources Of Distributions
New york--(business wire)--today, blackrock enhanced government fund, inc. (nyse: egf) , blackrock debt strategies fund, inc. (nyse: dsu), blackrock floating rate income strategies fund, inc. (nyse: fra), blackrock floating rate income trust (nyse: bgt), blackrock corporate high yield fund, inc. (nyse: hyt), blackrock credit allocation income trust (nyse: btz), blackrock limited duration income trust (nyse: blw), blackrock core bond trust (nyse: bhk), and blackrock multi-sector income trust (ny
Latest News
2024-05-04 07:19:28 - 24/7 Wall Street
Want $1,200 per Month in Passive Income? Invest in These Stocks
$178.25 Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.
2024-03-08 15:09:35 - Seeking Alpha
FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)
The BlackRock Floating Rate Income Strategies Fund Inc offers a high yield of 11.46% due to its investment in speculative-grade floating-rate securities.
2024-01-16 05:02:15 - Seeking Alpha
5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)
Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.
2023-12-20 14:58:52 - Seeking Alpha
FRA: A Good Way To Hedge Your 2024 Interest Rate Risk
The BlackRock Floating Rate Income Strategies Fund Inc specializes in providing investors with a high level of current income, with an attractive 11.97% yield. The FRA closed-end fund invests in floating-rate securities, which are stable in terms of price regardless of interest rate movements. While the FRA fund has not seen significant gains in the current market environment, investors have made a 4.50% total return in four months.
2023-10-15 10:42:22 - Seeking Alpha
FRA: Continuing To Benefit From Higher Rates
BlackRock Floating Rate Income Strategies Fund is benefiting from higher rates by the Fed and continues to generate growing NII. The fund's discount has narrowed, making it even less appealing for entry at the current price, but in my opinion, it remains a viable option for maintaining a position. FRA offers a high distribution yield and, with the anticipation of fewer rate cuts going forward, is likely to remain attractive for longer.
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.
2023-09-01 15:47:25 - Seeking Alpha
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.
2023-08-16 18:56:59 - Seeking Alpha
FRA: A Good 11%-Yielding CEF To Buy For Income Today
The high rate of inflation in the U.S. is a major problem, with the consumer price index showing a significant increase following the economic lockdowns in 2020. Wages have not kept up with the cost of living, forcing people to resort to desperate measures to support themselves. Investing in closed-end funds that specialize in generating income, such as the BlackRock Floating Rate Income Strategies Fund, can be a way to earn income and combat inflation.
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.
2023-06-05 14:50:57 - Seeking Alpha
FRA: Another Distribution Increase
Floating rate funds, such as BlackRock Floating Rate Income Strategies Fund, have benefited from the Fed's interest rate hikes and could still be a worthwhile investment option. The fund's discount has narrowed recently but still represents a fairly attractive entry level for investors. Investors should consider their outlook on interest rates and potential risks, such as a recession, when deciding whether to invest in FRA or other floating rate funds.