Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Passes Above 200-Day Moving Average – What’s Next?

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.16 and traded as high as $14.38. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.36, with a volume of 66,120 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The company has a 50 day simple moving average of $14.20 and a 200-day simple moving average of $14.16.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.114 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.37 annualized dividend and a dividend yield of 9.53%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Hedge funds have recently made changes to their positions in the company. Hilltop Holdings Inc. raised its stake in shares of 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 valued at $600,000 after buying an additional 6,050 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 27.4% in the third 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. Wolverine Asset Management LLC bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the third quarter valued at $148,000. Jaffetilchin Investment Partners LLC grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 27.9% in the third quarter. Jaffetilchin Investment Partners LLC now owns 30,030 shares of the company’s stock valued at $424,000 after purchasing an additional 6,548 shares in the last quarter. Finally, Leavell Investment Management Inc. grew 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 purchasing an additional 13,225 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.