BlackRock Credit Allocation Income Trust
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $10.02
- Today's High:
- $10.1
- Open Price:
- $10.08
- 52W Low:
- $8.7655
- 52W High:
- $11.0996
- Prev. Close:
- $10.08
- Volume:
- 233422
Company Statistics
- Market Cap.:
- $959.31 million
- Book Value:
- 11.185
- Revenue TTM:
- $93.01 million
- Operating Margin TTM:
- 88.32%
- Gross Profit TTM:
- $93.01 million
- Profit Margin:
- 0%
- Return on Assets TTM:
- 2.76%
- Return on Equity TTM:
- -22.78%
Company Profile
BlackRock Credit Allocation Income Trust had its IPO on 2006-12-22 under the ticker symbol BTZ.
The company operates in the Financial Services sector and Asset Management industry. BlackRock Credit Allocation Income Trust has a staff strength of 0 employees.
Stock update
Shares of BlackRock Credit Allocation Income Trust opened at $10.08 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $10.02 - $10.1, and closed at $10.07.
This is a -0.1% slip from the previous day's closing price.
A total volume of 233,422 shares were traded at the close of the day’s session.
In the last one week, shares of BlackRock Credit Allocation Income Trust have slipped by -1.08%.
BlackRock Credit Allocation Income Trust's Key Ratios
BlackRock Credit Allocation Income Trust has a market cap of $959.31 million, indicating a price to book ratio of 0.8945 and a price to sales ratio of 10.4084.
In the last 12-months BlackRock Credit Allocation Income Trust’s revenue was $93.01 million with a gross profit of $93.01 million and an EBITDA of $0. The EBITDA ratio measures BlackRock Credit Allocation Income Trust's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, BlackRock Credit Allocation Income Trust’s operating margin was 88.32% while its return on assets stood at 2.76% with a return of equity of -22.78%.
In Q2, BlackRock Credit Allocation Income Trust’s quarterly earnings growth was a positive 271.2% while revenue growth was a negative 0.1%.
BlackRock Credit Allocation Income Trust’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 0
- PEG
- 0
Its diluted EPS in the last 12-months stands at $-2.99 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into BlackRock Credit Allocation Income Trust’s profitability.
BlackRock Credit Allocation Income Trust stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 10.4084.
BlackRock Credit Allocation Income Trust stock pays annual dividends of $1.007 per share, indicating a yield of 9.92% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.72 billion
- Total Liabilities
- $68.08 million
- Operating Cash Flow
- $0
- Capital Expenditure
- $0
- Dividend Payout Ratio
- 0%
BlackRock Credit Allocation Income Trust ended 2024 with $1.72 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.72 billion while shareholder equity stood at $1.05 billion.
BlackRock Credit Allocation Income Trust ended 2024 with $0 in deferred long-term liabilities, $68.08 million in other current liabilities, 1232128209.00 in common stock, $-186242170.00 in retained earnings and $0 in goodwill. Its cash balance stood at $64077.00 and cash and short-term investments were $64077.00. The company’s total short-term debt was $0 while long-term debt stood at $0.
BlackRock Credit Allocation Income Trust’s total current assets stands at $31.27 million while long-term investments were $1.67 billion and short-term investments were $0. Its net receivables were $31.20 million compared to accounts payable of $68.08 million and inventory worth $0.
In 2024, BlackRock Credit Allocation Income Trust's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, BlackRock Credit Allocation Income Trust paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $10.07
- 52-Week High
- $11.0996
- 52-Week Low
- $8.7655
- Analyst Target Price
- $
BlackRock Credit Allocation Income Trust stock is currently trading at $10.07 per share. It touched a 52-week high of $11.0996 and a 52-week low of $11.0996. Analysts tracking the stock have a 12-month average target price of $.
Its 50-day moving average was $10.03 and 200-day moving average was $10.01 The short ratio stood at 0.32 indicating a short percent outstanding of 0%.
Around 0% of the company’s stock are held by insiders while 3687.1% are held by institutions.
Frequently Asked Questions About BlackRock Credit Allocation Income Trust
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About
BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor’s Corporation. It invests in investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives. The fund was formerly known as BlackRock Preferred & Equity Advantage Trust. BlackRock Credit Allocation Income Trust was formed on December 27, 2006 and is domiciled in the United States.