Wednesday, February 21, 2018 10:15 PM ET
Blackstone Group (BX) sees Significant Insider Selling
A significant insider sale of the shares of Blackstone Group was indicated in a form 4 document filed with the SEC today, showing — J Tomilson Hill, Director and Officer — sold 227,636 shares in the company having a market value of approximately $7,863,995. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Blackstone Group is near the 31 member peer company average. The Investment Management peer group saw 23 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Blackstone Group insiders is higher. Within the peer group there were 2,127,693 shares purchased and 336,912 shares sold with company insiders purchasing 81,399 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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