Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.32 and traded as high as $14.48. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.41, with a volume of 65,498 shares changing hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.2 %

The business has a 50 day simple moving average of $14.43 and a 200-day simple moving average of $14.32.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.108 per share. The ex-dividend date is Friday, February 21st. This represents a $1.30 annualized dividend and a dividend yield of 9.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its position in Blackstone Senior Floating Rate 2027 Term Fund by 5.2% in the 4th quarter. LPL Financial LLC now owns 60,240 shares of the company’s stock valued at $864,000 after buying an additional 2,983 shares during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at $59,000. Hilltop Holdings Inc. raised 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 worth $600,000 after acquiring an additional 6,050 shares during the last quarter. Virtus ETF Advisers LLC raised its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 15.6% in the fourth quarter. Virtus ETF Advisers LLC now owns 46,387 shares of the company’s stock worth $665,000 after acquiring an additional 6,271 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 27.9% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 30,030 shares of the company’s stock valued at $424,000 after purchasing an additional 6,548 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.