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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.24 and traded as high as $14.67. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.60, with a volume of 37,597 shares traded.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The company has a 50-day simple moving average of $14.41 and a 200-day simple moving average of $14.24.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.108 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position 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 during the period. Leavell Investment Management Inc. raised its stake 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 valued at $2,418,000 after acquiring an additional 13,225 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the second quarter valued at approximately $835,000. Hilltop Holdings Inc. grew its stake 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 worth $600,000 after purchasing an additional 6,050 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 27.9% during the third quarter. Jaffetilchin Investment Partners LLC now owns 30,030 shares of the company’s stock valued at $424,000 after buying an additional 6,548 shares during the period.

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.