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

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 $14.24 and traded as high as $14.67. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $14.60, with a volume of 37,597 shares traded.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

The stock’s 50-day moving average price is $14.41 and its 200-day moving average price is $14.24.

Blackstone Senior Floating Rate 2027 Term Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.108 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.30 annualized dividend and a dividend yield of 8.96%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BSL. Wolverine Asset Management LLC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter worth $148,000. Jaffetilchin Investment Partners LLC lifted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 54.6% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 23,482 shares of the company’s stock worth $329,000 after purchasing an additional 8,292 shares during the period. Hilltop Holdings Inc. lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 16.6% in the third quarter. Hilltop Holdings Inc. now owns 42,515 shares of the company’s stock valued at $600,000 after buying an additional 6,050 shares during the period. Shaker Financial Services LLC bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter valued at about $835,000. Finally, Leavell Investment Management Inc. grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 8.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 171,225 shares of the company’s stock worth $2,418,000 after buying an additional 13,225 shares during the period.

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.