Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.05 and traded as high as $13.06. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $13.0450, with a volume of 98,269 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The company’s 50-day moving average price is $13.00 and its two-hundred day moving average price is $13.05.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at approximately $2,887,000. Bank of America Corp DE raised its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 9.4% during the third quarter. Bank of America Corp DE now owns 887,589 shares of the company’s stock worth $12,480,000 after purchasing an additional 76,035 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth $347,000. Shaker Financial Services LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at $271,000. Finally, Captrust Financial Advisors grew its position in Blackstone Senior Floating Rate 2027 Term Fund by 71.2% in the 2nd quarter. Captrust Financial Advisors now owns 30,434 shares of the company’s stock valued at $435,000 after purchasing an additional 12,659 shares during the period.

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.