Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Stock Price Up 0.1% – Here’s What Happened

Shares of Blackstone Strategic Credit 2027 Term Fund (NYSE:BGBGet Free Report) traded up 0.1% during trading on Tuesday . The stock traded as high as $11.20 and last traded at $11.1850. Approximately 212,191 shares changed hands during mid-day trading, an increase of 49% from the average daily volume of 142,292 shares. The stock had previously closed at $11.17.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.1%

The firm’s fifty day simple moving average is $11.25 and its 200 day simple moving average is $11.27.

Blackstone Strategic Credit 2027 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.074 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several institutional investors have recently added to or reduced their stakes in the company. Robbins Farley raised its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 13.2% during the 2nd quarter. Robbins Farley now owns 241,957 shares of the company’s stock worth $2,734,000 after acquiring an additional 28,279 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 2.2% in the first quarter. Bank of America Corp DE now owns 1,973,911 shares of the company’s stock valued at $22,009,000 after purchasing an additional 42,416 shares in the last quarter. Calamos Advisors LLC increased its position in Blackstone Strategic Credit 2027 Term Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 34,943 shares of the company’s stock worth $390,000 after purchasing an additional 4,160 shares during the last quarter. Fifth Third Bancorp bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the first quarter worth $118,000. Finally, Walled Lake Planning & Wealth Management LLC raised its stake in Blackstone Strategic Credit 2027 Term Fund by 44.6% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 27,575 shares of the company’s stock valued at $307,000 after purchasing an additional 8,500 shares in the last quarter.

About Blackstone Strategic Credit 2027 Term Fund

(Get Free Report)

Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) is a closed-end management investment company organized as an interval fund, designed to provide investors with exposure to a diversified portfolio of credit instruments. The fund commenced operations in late 2020 and is structured with a defined term ending in 2027, at which point it intends to liquidate its assets and distribute proceeds to shareholders. As an interval fund, BGB offers limited redemption opportunities on a quarterly basis, allowing for greater investment flexibility while maintaining portfolio stability.

The fund’s primary business activity involves investing across the credit spectrum, including senior secured loans, high-yield and investment-grade corporate bonds, structured credit, and direct lending opportunities.

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