Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.21 and traded as high as $14.61. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.53, with a volume of 54,601 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.5 %

The company has a 50-day moving average price of $14.35 and a 200 day moving average price of $14.21.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th were issued a $0.114 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 9.42%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 27.4% in the 3rd 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. Leavell Investment Management Inc. increased its stake 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 worth $2,418,000 after acquiring an additional 13,225 shares during the last quarter. Tranquility Partners LLC raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 4.5% during the second quarter. Tranquility Partners LLC now owns 96,756 shares of the company’s stock worth $1,356,000 after acquiring an additional 4,174 shares in the last quarter. Shaker Financial Services LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the second quarter valued at $835,000. Finally, Hilltop Holdings Inc. boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 16.6% during the third quarter. Hilltop Holdings Inc. now owns 42,515 shares of the company’s stock valued at $600,000 after purchasing an additional 6,050 shares during 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.