Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.13 and traded as low as $13.02. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $13.07, with a volume of 23,965 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Trading Up 0.5%

The firm has a fifty day simple moving average of $13.04 and a 200-day simple moving average of $13.13.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.088 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after buying an additional 1,561 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at approximately $34,000. Kathmere Capital Management LLC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the first quarter worth approximately $136,000. Susquehanna International Group LLP purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the third quarter worth approximately $144,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth approximately $187,000.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.