Richard Cavanagh - BlackRock Floating Independent Co-Chairman of the Board of Trustees

BGT Etf  USD 13.07  0.06  0.46%   
Richard Cavanagh is Portfolio Manager at BlackRock Floating Rate
Mr. Richard E. Cavanagh is Independent Chairman of the Board of Trustees of Blackrock Floating Rate Income Trust. He is Trustee, Aircraft Finance Trust from 1999 to 2009 Director, The Guardian Life Insurance Company of America since 1998 Trustee, Educational Testing Service from 1997 to 2009 and Chairman thereof from 2005 to 2009 Senior Advisor, The Fremont Group since 2008 and Director thereof since 1996 Faculty MemberAdjunct Lecturer, Harvard University since 2007 President and Chief Executive Officer, The Conference Board, Inc. from 1995 to 2007.
Age 75
Tenure 5 years
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund

Richard Cavanagh Latest Insider Activity

Tracking and analyzing the buying and selling activities of Richard Cavanagh against BlackRock Floating etf is an integral part of due diligence when investing in BlackRock Floating. Richard Cavanagh insider activity provides valuable insight into whether BlackRock Floating is net buyers or sellers over its current business cycle. Note, BlackRock Floating insiders must abide by specific rules, including filing SEC forms every time they buy or sell BlackRock Floating'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

BlackRock Floating Management Efficiency

The company has Return on Asset of 2.33 % which means that on every $100 spent on assets, it made $2.33 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (5.63) %, meaning that it generated no profit with money invested by stockholders. BlackRock Floating's management efficiency ratios could be used to measure how well BlackRock Floating manages its routine affairs as well as how well it operates its assets and liabilities.
BlackRock Floating Rate has 127 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. BlackRock Floating Rate has a current ratio of 0.06, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist BlackRock Floating until it has trouble settling it off, either with new capital or with free cash flow. So, BlackRock Floating's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like BlackRock Floating Rate sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for BlackRock to invest in growth at high rates of return. When we think about BlackRock Floating's use of debt, we should always consider it together with cash and equity.

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BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. Blackrock Global is traded on New York Stock Exchange in the United States. BlackRock Floating Rate [BGT] is traded in USA and was established 2004-08-30.

Management Performance

BlackRock Floating Rate Money Managers

Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Karen Robards, Independent Vice Chairman of the Board of Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustees
Charles Park, Chief Compliance Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

BlackRock Etf Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is BlackRock Floating a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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Other Information on Investing in BlackRock Etf

BlackRock Floating financial ratios help investors to determine whether BlackRock Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BlackRock with respect to the benefits of owning BlackRock Floating security.