Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Passes Above 200-Day Moving Average of $14.17

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.17 and traded as high as $14.28. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.20, with a volume of 45,577 shares changing hands.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The firm’s 50 day simple moving average is $14.17 and its 200-day simple moving average is $14.17.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were issued a dividend of $0.114 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.37 annualized dividend and a yield of 9.63%.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Ieq Capital LLC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at approximately $149,000. Steward Partners Investment Advisory LLC lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 1.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 69,553 shares of the company’s stock valued at $929,000 after acquiring an additional 1,098 shares during the period. Jones Road Capital Management L.P. lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 166.6% in the fourth quarter. Jones Road Capital Management L.P. now owns 106,642 shares of the company’s stock valued at $1,424,000 after acquiring an additional 66,642 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 1st quarter worth $60,000. Finally, Leavell Investment Management Inc. grew its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.1% during the 1st quarter. Leavell Investment Management Inc. now owns 138,300 shares of the company’s stock worth $1,982,000 after purchasing an additional 17,100 shares during the period.

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.