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

Shares of Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The stock’s 50-day moving average price is $14.45 and its 200 day moving average price is $14.27.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

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

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

Hedge funds have recently bought and sold shares of the company. Hilltop Holdings Inc. lifted its position in shares of 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. increased 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 worth $3,665,000 after buying an additional 55,882 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the third quarter worth approximately $148,000. Jaffetilchin Investment Partners LLC lifted its holdings 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 worth $424,000 after buying an additional 6,548 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% in 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 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.