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

05/11/2021 18:11

10:01 PM EDT, 05/11/2021 (MT Newswires) -- Hamilton E James, Director and Executive Vice Chairman, on May 10, 2021, sold 556,790 shares in Blackstone Group (BX) for $49,307,676. Subsequent to the Form 4 filing with the SEC, James has control over 865,949 shares of company stock of which 497,720 shares are held directly and 368,229 are controlled indirectly. These holdings have an approximate market value of $76.7 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 7 insider transactions reported to the SEC for Blackstone Group. These transactions came from the activities of 6 individual insiders that resulted in a net disposition of 83,384 company shares. Relative to the preceding 90-day window of time, there were 7 transactions from 5 insiders that resulted in the net acquisition of 275,567 shares.

This represents a lower level of transactions than the peer group average in the 33-company Investment Management peer group over the last 90-day period. Peer group activity averaged 107.1 transactions per company, and disposition of 47,107 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1393818/000120919121031930/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.