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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL)’s stock price passed 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 traded.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

The business’s 50-day simple moving average is $13.04 and its 200-day simple moving average is $13.13.

Blackstone Senior Floating Rate 2027 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.088 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 14.2% during the first 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 period. Hilltop Holdings Inc. lifted its holdings in 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 acquiring an additional 6,308 shares during the period. Kathmere Capital Management LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund in the first quarter valued at approximately $136,000. TrueMark Investments LLC boosted its position in Blackstone Senior Floating Rate 2027 Term Fund by 5.4% in the 1st 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 in the last quarter. Finally, Sit Investment Associates Inc. purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth approximately $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.