Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Cross Above 50 Day Moving Average – What’s Next?

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $12.92 and traded as high as $12.97. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $12.9640, with a volume of 17,705 shares traded.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.5%

The company has a fifty day simple moving average of $12.92 and a 200-day simple moving average of $13.00.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.0840 per share. This represents a $1.01 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NTV Asset Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter valued at $274,000. Rivernorth Capital Management LLC boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 3.4% in the 2nd quarter. Rivernorth Capital Management LLC now owns 80,558 shares of the company’s stock valued at $1,043,000 after buying an additional 2,649 shares during the period. Beacon Pointe Advisors LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter worth $424,000. Comprehensive Money Management Services LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund during the second quarter worth about $431,000. Finally, Almitas Capital LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter worth approximately $576,000.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a diversified, closed-end management investment company. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in senior secured, floating-rate loans and other debt securities. Its portfolio generally consists of loans made to U.S. and non-U.S. companies, including investments in senior secured corporate loans, floating-rate notes and other credit instruments. The fund may also invest in subordinated debt, unsecured loans and other fixed-income securities, subject to its investment policies.