Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.24 and traded as high as $14.67. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.60, with a volume of 37,597 shares traded.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The business has a 50 day moving average price of $14.41 and a 200 day moving average price of $14.24.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.108 per share. This represents a $1.30 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend is Monday, December 23rd.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the third quarter worth about $148,000. Jaffetilchin Investment Partners LLC lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 54.6% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 23,482 shares of the company’s stock valued at $329,000 after purchasing an additional 8,292 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 16.6% during the 3rd 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 in the last quarter. Shaker Financial Services LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter valued at approximately $835,000. Finally, Leavell Investment Management Inc. increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 8.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after purchasing an additional 13,225 shares in the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

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.