Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Trading 0.2% Higher

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB)’s share price rose 0.2% during trading on Monday . The stock traded as high as $11.72 and last traded at $11.69. Approximately 91,929 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 152,156 shares. The stock had previously closed at $11.67.

Blackstone Strategic Credit 2027 Term Fund Stock Up 0.4 %

The stock’s 50 day moving average is $11.77 and its 200 day moving average is $11.38.

Blackstone Strategic Credit 2027 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.093 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.47%.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several hedge funds have recently bought and sold shares of the stock. Robbins Farley purchased a new stake in shares of Blackstone Strategic Credit 2027 Term Fund during the third quarter worth about $77,000. Shaker Financial Services LLC purchased a new stake in Blackstone Strategic Credit 2027 Term Fund in the 3rd quarter worth approximately $132,000. CTC Alternative Strategies Ltd. acquired a new position in Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at $139,000. Ironsides Asset Advisors LLC lifted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 10.9% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 13,763 shares of the company’s stock worth $151,000 after purchasing an additional 1,357 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 14.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 13,905 shares of the company’s stock worth $153,000 after purchasing an additional 1,805 shares during the last quarter.

About Blackstone Strategic Credit 2027 Term Fund

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.