BGT Stock Overview
BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc.
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
BlackRock Floating Rate Income Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.78 |
| 52 Week High | US$13.42 |
| 52 Week Low | US$10.95 |
| Beta | 0.66 |
| 1 Month Change | -3.47% |
| 3 Month Change | 5.27% |
| 1 Year Change | 11.62% |
| 3 Year Change | 2.32% |
| 5 Year Change | 1.59% |
| Change since IPO | -36.10% |
Recent News & Updates
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
Feb 22BGT: The Glory Days For Floaters May Be Ending
Dec 02BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
Oct 21BGT: A Year Later, The Buy Case For Floaters Persists
Aug 17BGT: Amortizing 'Return Of Principal' Loan Fund
Jul 10Recent updates
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
Feb 22BGT: The Glory Days For Floaters May Be Ending
Dec 02BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
Oct 21BGT: A Year Later, The Buy Case For Floaters Persists
Aug 17BGT: Amortizing 'Return Of Principal' Loan Fund
Jul 10BlackRock Floating Rate Income Trust declares $0.0781 dividend
Feb 13BlackRock Floating Rate Income Trust declares $0.0781 dividend
Jan 06FRA And BGT: Distribution Boosts And Wide Discounts
Oct 28BlackRock Floating Rate Income Trust raises monthly dividend by 20.7% to $0.0781 share
Oct 06BlackRock Floating Rate Income Trust declares $0.0647 dividend
Sep 02BGT: Floating Rate Debt Continues To Serve As A Hedge Against Rising Rates
Aug 08BlackRock Floating Rate Income Trust declares $0.0647 dividend
Aug 02BlackRock Floating Rate Income Trust declares $0.0647 dividend
Jul 05BGT: Value Re-Appears In This Floating Rate CEF
Apr 28BGT: Near-Term Outlook More Modest Now
Dec 15BGT: I See Merit To Buying Floaters
Aug 27BlackRock Floating Rate Income Trust declares $0.0647 dividend
May 07BlackRock Floating Rate Income Trust declares $0.0647 dividend
Dec 21BlackRock Floating Rate Income Trust declares $0.0764 dividend
Nov 03Shareholder Returns
| BGT | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -3.0% | -2.6% | -3.7% |
| 1Y | 11.6% | 22.7% | 20.5% |
Return vs Industry: BGT underperformed the US Capital Markets industry which returned 22.7% over the past year.
Return vs Market: BGT underperformed the US Market which returned 20.5% over the past year.
Price Volatility
| BGT volatility | |
|---|---|
| BGT Average Weekly Movement | 1.7% |
| Capital Markets Industry Average Movement | 3.4% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: BGT has not had significant price volatility in the past 3 months.
Volatility Over Time: BGT's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | n/a | n/a | www.blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund |
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.
BlackRock Floating Rate Income Trust Fundamentals Summary
| BGT fundamental statistics | |
|---|---|
| Market cap | US$285.77m |
| Earnings (TTM) | US$39.10m |
| Revenue (TTM) | US$35.76m |
7.3x
P/E Ratio8.0x
P/S RatioIs BGT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BGT income statement (TTM) | |
|---|---|
| Revenue | US$35.76m |
| Cost of Revenue | US$0 |
| Gross Profit | US$35.76m |
| Other Expenses | -US$3.34m |
| Earnings | US$39.10m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.75 |
| Gross Margin | 100.00% |
| Net Profit Margin | 109.33% |
| Debt/Equity Ratio | 34.1% |
How did BGT perform over the long term?
See historical performance and comparison