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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.27 and traded as high as $14.41. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.29, with a volume of 38,339 shares changing hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.3 %

The company has a 50-day moving average price of $14.45 and a 200 day moving average price of $14.27.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.108 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.30 annualized dividend and a yield of 9.07%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

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

About Blackstone Senior Floating Rate 2027 Term Fund

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.