Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL) Share Price Crosses Above 200 Day Moving Average of $12.89

Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL – Get Rating)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.89 and traded as high as $13.15. Blackstone / GSO Senior Floating Rate Term Fund shares last traded at $13.05, with a volume of 27,995 shares traded.

Blackstone / GSO Senior Floating Rate Term Fund Price Performance

The company has a 50 day simple moving average of $12.92 and a 200 day simple moving average of $12.89.

Blackstone / GSO Senior Floating Rate Term Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 21st were given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 9.20%. The ex-dividend date of this dividend was Friday, February 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BSL. Natixis bought a new position in shares of Blackstone / GSO Senior Floating Rate Term Fund during the fourth quarter valued at approximately $195,000. Captrust Financial Advisors purchased a new position in Blackstone / GSO Senior Floating Rate Term Fund in the 4th quarter worth approximately $567,000. Logan Stone Capital LLC raised its holdings in shares of Blackstone / GSO Senior Floating Rate Term Fund by 58.0% during the 4th quarter. Logan Stone Capital LLC now owns 102,537 shares of the company’s stock worth $1,275,000 after acquiring an additional 37,655 shares in the last quarter. Oaktree Capital Management LP raised its holdings in shares of Blackstone / GSO Senior Floating Rate Term Fund by 158.6% during the 4th quarter. Oaktree Capital Management LP now owns 160,871 shares of the company’s stock worth $1,999,000 after acquiring an additional 98,665 shares in the last quarter. Finally, Atlas Wealth LLC purchased a new stake in shares of Blackstone / GSO Senior Floating Rate Term Fund during the 4th quarter worth approximately $183,000.

Blackstone / GSO Senior Floating Rate Term Fund Company Profile

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Blackstone Senior Floating Rate Term Fund operates as a closed-end investment fund. Its objective is to seek high current income and preservation of capital. The firm primarily invests in senior secured and floating rate loans. The company was founded on May 26, 2010 and is headquartered in New York, NY.