Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Price Crosses Above 200 Day Moving Average of $13.49

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.49 and traded as high as $14.18. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.17, with a volume of 34,336 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The business’s 50-day simple moving average is $14.16 and its 200 day simple moving average is $13.51.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be issued a $0.114 dividend. This represents a $1.37 annualized dividend and a dividend yield of 9.58%. The ex-dividend date is Wednesday, May 22nd.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SNC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the third quarter worth approximately $41,000. Future Financial Wealth Managment LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the first quarter valued at approximately $60,000. Cetera Investment Advisers bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 1st quarter valued at approximately $127,000. Signaturefd LLC raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 382.2% in the 4th quarter. Signaturefd LLC now owns 10,508 shares of the company’s stock worth $140,000 after buying an additional 8,329 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth approximately $146,000.

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.