Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.13 and traded as low as $13.02. Blackstone Senior Floating Rate 2027 Term Fund shares last traded at $13.07, with a volume of 23,965 shares trading hands.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.2%

The firm has a fifty day simple moving average of $13.04 and a two-hundred day simple moving average of $13.13.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The business also recently announced 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. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Blackstone Senior Floating Rate 2027 Term Fund by 14.2% in the 1st quarter. Royal Bank of Canada now owns 18,717 shares of the company’s stock worth $241,000 after acquiring an additional 2,332 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 15.4% in the first quarter. Hilltop Holdings Inc. now owns 47,218 shares of the company’s stock valued at $611,000 after purchasing an additional 6,308 shares during the period. Kathmere Capital Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the first quarter valued at about $136,000. TrueMark Investments LLC raised its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 5.4% in the first quarter. TrueMark Investments LLC now owns 77,909 shares of the company’s stock worth $1,009,000 after purchasing an additional 3,960 shares during the last quarter. Finally, Sit Investment Associates Inc. purchased a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter worth about $2,887,000.

About Blackstone Senior Floating Rate 2027 Term Fund

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.