Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Passes Above 200-Day Moving Average – Should You Sell?

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.15 and traded as high as $14.36. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.33, with a volume of 80,696 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 1.1 %

The stock’s fifty day moving average price is $14.19 and its 200-day moving average price is $14.15.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.114 dividend. This represents a $1.37 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend is Thursday, November 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter worth approximately $148,000. Dynamic Advisor Solutions LLC lifted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 6.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,077 shares of the company’s stock worth $169,000 after acquiring an additional 731 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 1st quarter worth about $218,000. Shaker Financial Services LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter valued at about $835,000. Finally, Tranquility Partners LLC raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the first quarter. Tranquility Partners LLC now owns 92,582 shares of the company’s stock valued at $1,327,000 after acquiring an additional 11,490 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.