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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price passed 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 changing hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.5 %

The stock has a fifty day moving average of $14.45 and a 200-day moving average of $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. The ex-dividend date is Friday, February 21st. This represents a $1.30 annualized dividend and a yield of 8.88%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 7.6% during the 4th quarter. Leavell Investment Management Inc. now owns 184,180 shares of the company’s stock worth $2,641,000 after purchasing an additional 12,955 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in 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 worth $600,000 after purchasing an additional 6,050 shares during the last quarter. Advisors Asset Management Inc. raised its holdings 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 during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter worth about $148,000. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 27.9% in 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 during 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.