BlackRock Floating Rate Income Trust
BGTFinancial ServicesNASDAQAsset Management
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Daily timeframeHeadquartered within the financial services sector, BlackRock Floating Rate Income Trust focuses on Asset Management services and products. BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. Valued at $318.2M, BGT is a small-cap name in its sector. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc.
Market Cap
$318.2M
Beta
0.46
P/E (TTM)
15.24
P/E (Fwd)
—
EPS (TTM)
$0.70
EPS (Fwd)
—
ROE
5.8%
ROA
4.2%
Cash
—
Total Debt
$71.4M
Free CF
$17.3M
52W Change
-14.2%
Annual Financials
Cash vs Debt
BlackRock Floating Rate Income Trust carries $71.4M in total debt, a figure that investors should evaluate relative to the company's earnings power. Free cash flow comes in at $17.3M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 5.8%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 4.2% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from -$5.7M to $19.7M.
BGT's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for BlackRock Floating Rate Income Trust and its sector.