BlackRock Smaller Trust (LSE:BRSC) Shares Outstanding (Basic Average): 40.30 Mil (As of Feb. 2026)


LSE:BRSC BlackRock Smaller Companies Trust PLC LSE:BRSC
36 GF Score
Price £12.88
! 1 Warning Sign
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What is BlackRock Smaller Trust Shares Outstanding (Basic Average)?

BlackRock Smaller Trust LSE:BRSC -1.08% 36 Shares Outstanding (Basic Average) is 40.30 Mil as of Feb. 2026. GuruFocus rates LSE:BRSC with a GF Score™ of 36/100. The stock has 1 warning sign investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. BlackRock Smaller Trust's average basic shares outstanding for the quarter that ended in Feb. 2026 was 40.30 Mil.

BlackRock Smaller Trust  (LSE:BRSC) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

BlackRock Smaller Trust Shares Outstanding (Basic Average) Related Terms

BlackRock Smaller Trust Shares Outstanding (Basic Average) Historical Data

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The historical data trend for BlackRock Smaller Trust's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BlackRock Smaller Trust Shares Outstanding (Basic Average) Chart

BlackRock Smaller Trust Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.83 48.83 48.38 46.83 41.52

BlackRock Smaller Trust Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.14 47.14 46.53 42.74 40.30
LSE:BRSC
36GF Score
BlackRock Smaller Companies Trust PLC LSE:BRSC
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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BlackRock Smaller Trust Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 40.30 Mil mean?
BlackRock Smaller Trust (LSE:BRSC) has a Shares Outstanding (Basic Average) of 40.30 Mil as of Feb. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on BlackRock Smaller Trust and its competitors.
Is BlackRock Smaller Trust's Shares Outstanding (Basic Average) too high?
BlackRock Smaller Trust's current Shares Outstanding (Basic Average) is 40.30 Mil. Overall, BlackRock Smaller Trust has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock Smaller Trust's Shares Outstanding (Basic Average) compare to BLK and BX?
BlackRock Smaller Trust's Shares Outstanding (Basic Average) of 40.30 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for an Asset Management company?
A good Shares Outstanding (Basic Average) depends on the Asset Management industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on BlackRock Smaller Trust and its competitors. BlackRock Smaller Trust's current Shares Outstanding (Basic Average) is 40.30 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Smaller Trust stock overvalued right now?
BlackRock Smaller Trust (LSE:BRSC) has a current Shares Outstanding (Basic Average) of 40.30 Mil. The current Shares Outstanding (Basic Average) is 40.30 Mil. BlackRock Smaller Trust's overall GF Score™ is 36/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For BlackRock Smaller Trust (LSE:BRSC), the current Shares Outstanding (Basic Average) is 40.30 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BlackRock Smaller Trust Business Description

Address 20 Brandon Street, Dundas House, Edinburgh, GBR, EH3 5PP
BlackRock Smaller Companies Trust PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies. The company mainly attracts long-term private and institutional investors wanting to benefit from the growth prospects of smaller companies. It focuses on investing UK smaller companies which are listed on the London Stock Exchange or on the Alternative Investment Market. The firm has adopted a consistent investment process, focusing on good quality growth companies that are trading well and it also considers sector weightings and underlying themes and method of stock selection.
36GF Score

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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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