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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.11 and traded as high as $13.15. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $13.1090, with a volume of 27,703 shares.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The firm’s fifty day simple moving average is $13.03 and its 200 day simple moving average is $13.11.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a dividend of $0.088 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

A number of hedge funds have recently modified their holdings of BSL. Harbour Investments Inc. raised its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after buying an additional 1,561 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $34,000. Susquehanna International Group LLP purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter valued at about $144,000. Kathmere Capital Management LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the 1st quarter valued at about $136,000. Finally, Noble Wealth Management PBC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at about $187,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.