Momentum Is Strong For BlackRock Technology and Private Equity Term Trust (NYSE: BTX)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. The current market capitalization of BlackRock Technology and Private Equity Term Trust is $1.49B. A total of 2.63 million shares were traded on the day, compared to an average of 613.89K shares.

In the most recent transaction, Saba Capital Management, L.P. bought 59,630 shares of BTX for 7.69 per share on Jan 07 ’25. After the transaction, the 10% Owner now owns 60,675,395 company shares. In a previous transaction on Jan 06 ’25, Saba Capital Management, L.P. bought 282,123 shares at 7.72 per share. BTX shares that 10% Owner owns now total 60,615,765.

Among the insiders who bought shares, Saba Capital Management, L.P. acquired of 106,617 shares on Jan 02 ’25 at a per-share price of $7.46. This resulted in the 10% Owner holding 60,262,743 shares of BTX after the transaction. In another insider transaction, Saba Capital Management, L.P. bought 70,899 shares at $7.57 per share on Jan 03 ’25. Company shares held by the 10% Owner now total 60,333,642.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. BlackRock Technology and Private Equity Term Trust pays an annual dividend of $1.01, resulting in a dividend yield of 14.50%, and it has a price to earnings (P/E) ratio of 41.06.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BTX has a high of $8.31 and a low of $5.10.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BTX is Buy with a score of 3.00.

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