Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.28 and traded as high as $14.44. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.37, with a volume of 74,410 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The company’s 50 day moving average price is $14.45 and its 200-day moving average price is $14.28.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.108 per share. This represents a $1.30 annualized dividend and a yield of 9.02%. The ex-dividend date of this dividend is Friday, February 21st.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the third quarter valued at about $148,000. Jaffetilchin Investment Partners LLC raised its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 27.9% in the third quarter. Jaffetilchin Investment Partners LLC now owns 30,030 shares of the company’s stock valued at $424,000 after purchasing an additional 6,548 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 16.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 42,515 shares of the company’s stock valued at $600,000 after buying an additional 6,050 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 8.4% in the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after buying an additional 13,225 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Blackstone Senior Floating Rate 2027 Term Fund by 27.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 259,545 shares of the company’s stock valued at $3,665,000 after buying an additional 55,882 shares in the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.