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Insider Trends: Blackstone Group Insider Continues 90-Day Selling Trend

05/07/2021 17:45

09:45 PM EDT, 05/07/2021 (MT Newswires) -- Hamilton E James, Director and Executive Vice Chairman, sold 875,000 shares of Blackstone Group (BX) on May 05, 2021, for $77,961,942. Subsequent to the Form 4 filing with the SEC, James has control over 1,198,568 shares of company stock of which 692,982 shares are held directly and 505,586 are controlled indirectly. These holdings have an approximate market value of $106 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 8 insider transactions reported to the SEC for Blackstone Group. These transactions came from the activities of 5 separate insiders that resulted in a net acquisition of 791,616 company shares. Relative to the preceding 90-day window of time, there were 8 transactions from 6 insiders which resulted in the net acquisition of 338,612 shares.

This level of insider transactions is lower than the peer group average in the 33-company Investment Management peer group over the last 90-day period. Activity in the peer group averaged 107.0 transactions per company, and disposition of 46,302 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1393818/000120919121031099/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.