Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Crosses Above 200 Day Moving Average of $14.06

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.06 and traded as high as $14.45. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.32, with a volume of 52,884 shares changing hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The company has a 50 day moving average price of $14.09 and a 200 day moving average price of $14.06.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.114 per share. This represents a $1.37 annualized dividend and a dividend yield of 9.67%. The ex-dividend date of this dividend is Friday, August 23rd.

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

Several large investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the first quarter worth $60,000. Signaturefd LLC boosted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 382.2% in the fourth quarter. Signaturefd LLC now owns 10,508 shares of the company’s stock worth $140,000 after purchasing an additional 8,329 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter worth $146,000. Ieq Capital LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter worth $149,000. Finally, Avidian Wealth Solutions LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the first quarter worth $166,000.

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.