Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.28 and traded as high as $14.54. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.52, with a volume of 42,287 shares traded.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The firm has a 50 day moving average price of $14.44 and a 200-day moving average price of $14.28.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.108 dividend. This represents a $1.30 annualized dividend and a yield of 8.93%. The ex-dividend date of this dividend is Friday, February 21st.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Leavell Investment Management Inc. increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 8.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after purchasing an additional 13,225 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter worth approximately $148,000. Jaffetilchin Investment Partners LLC increased its position in 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 worth $424,000 after purchasing an additional 6,548 shares in the last quarter. Advisors Asset Management Inc. increased its position in Blackstone Senior Floating Rate 2027 Term Fund by 27.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 259,545 shares of the company’s stock worth $3,665,000 after purchasing an additional 55,882 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its position in 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 valued at $600,000 after acquiring an additional 6,050 shares in 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.