BlackRock Floating Rate Income Trust (BGT)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, BlackRock Floating Rate Income Trust traded at $10.16. FairStock calculates a P/B of 0.91, so the market is paying less than book value, and the Graham Number of $10.26 with a margin of safety of 0.97% suggests the price is only marginally below a conservative value estimate. That is the good news. FairStock's P/E of 24.19, ROE of 3.58%, and ROCE of 3.89% tell me this is not a high-return business; it is a fund whose earnings power is modest. The 13.43% dividend yield is eye-catching, but high distributions in a closed-end fund must be watched for coverage and sustainability, and the provided data do not show revenue or profit growth. As a fund, it invests in floating-rate corporate bonds, mostly U.S., with effective duration no more than 1.5 years. That reduces interest-rate risk but leaves credit risk. Debt-to-equity of 0.22 is not alarming, and beta of 0.46 suggests lower market volatility. Still, Piotroski F-Score of 1/9 and Altman Z-Score of 1.80 are weak signals in FairStock's calculations. The Lynch category is none because only 0 years of filed results are available and 3 are needed. A BlackRock-managed closed-end fund may have brand and scale, but the numbers do not show a wide moat. With FairStock Score 59/100 and the price near the 52-week low of $10.11, I see a modest discount to asset value and a high yield, offset by weak earnings, poor financial-strength scores, and no growth history. It looks fairly priced, not a bargain with a margin of safety.

In plain English: BlackRock Floating Rate Income Trust is a closed-end fund that invests mostly in floating-rate corporate bonds, mainly in the U.S., with very short interest-rate sensitivity. Based on the provided figures, the business looks weak on profitability and financial strength, but it offers a very high distribution. The price looks roughly fair versus book value and a simple value estimate, not clearly cheap or expensive.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer