Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Shares Up 0.2% – Time to Buy?

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) shares were up 0.2% during trading on Friday . The company traded as high as $12.46 and last traded at $12.38. Approximately 198,803 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 169,596 shares. The stock had previously closed at $12.35.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.2 %

The company has a 50 day moving average of $12.34 and a two-hundred day moving average of $12.11.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.093 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.12 annualized dividend and a dividend yield of 9.01%.

Institutional Trading of Blackstone Strategic Credit 2027 Term Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in BGB. Invictus Private Wealth LLC increased its stake in Blackstone Strategic Credit 2027 Term Fund by 1.7% in the 3rd quarter. Invictus Private Wealth LLC now owns 53,919 shares of the company’s stock worth $664,000 after purchasing an additional 904 shares in the last quarter. Ironsides Asset Advisors LLC increased its position in shares of Blackstone Strategic Credit 2027 Term Fund by 8.8% in the first quarter. Ironsides Asset Advisors LLC now owns 13,260 shares of the company’s stock worth $158,000 after acquiring an additional 1,077 shares in the last quarter. Comerica Bank raised its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 32.1% during the first quarter. Comerica Bank now owns 5,508 shares of the company’s stock valued at $66,000 after acquiring an additional 1,338 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 7.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 30,775 shares of the company’s stock valued at $366,000 after acquiring an additional 2,065 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 22.7% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock valued at $166,000 after acquiring an additional 2,500 shares in the last quarter.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.