Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Crosses Above Two Hundred Day Moving Average of $13.54

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.54 and traded as high as $14.36. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.26, with a volume of 54,352 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The company has a 50 day simple moving average of $14.20 and a two-hundred day simple moving average of $13.54.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be issued a $0.114 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.37 annualized dividend and a dividend yield of 9.59%.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors and hedge funds have recently modified their holdings of BSL. Leavell Investment Management Inc. raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 14.1% in 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. Future Financial Wealth Managment LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the first quarter valued at approximately $60,000. Jones Road Capital Management L.P. grew its position in shares of 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 purchasing an additional 66,642 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of 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 purchasing an additional 1,098 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at approximately $149,000.

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.