Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Share Price Crosses Above 200-Day Moving Average of $13.58

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.58 and traded as high as $14.13. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.10, with a volume of 68,938 shares changing hands.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The company’s 50-day moving average price is $14.23 and its 200-day moving average price is $13.59.

Blackstone Senior Floating Rate 2027 Term Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.114 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.37 annualized dividend and a yield of 9.65%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter valued at about $518,000. Allspring Global Investments Holdings LLC grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 21.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 500,464 shares of the company’s stock valued at $6,631,000 after purchasing an additional 88,890 shares in the last quarter. Tranquility Partners LLC increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 9.2% in the third quarter. Tranquility Partners LLC now owns 89,262 shares of the company’s stock valued at $1,183,000 after purchasing an additional 7,512 shares during the last quarter. Atlas Wealth LLC lifted its position in Blackstone Senior Floating Rate 2027 Term Fund by 10.4% during the third quarter. Atlas Wealth LLC now owns 88,626 shares of the company’s stock worth $1,174,000 after buying an additional 8,360 shares in the last quarter. Finally, Virtus ETF Advisers LLC boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 81.6% during the third quarter. Virtus ETF Advisers LLC now owns 38,056 shares of the company’s stock worth $504,000 after buying an additional 17,104 shares during the last quarter.

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.