Large Outflow of Money Witnessed in The Blackstone Group L.P.

The Blackstone Group L.P. (BX) During the most recent session, the shares traded at 0.53 points or 1.73% higher at $31.16. The money flow data is unimpressive with the net money flow value of $(-6.85) million. As per the intraday data, the upticks measured $41.38 million and the downticks measured $48.23 million. As a result, the up/down ratio registered a value of 0.86. The shares have seen -0.45% price change for the week.A block trade also made an entry with $3.15 million flowing in through upticks while $5.84 million flew out through downticks. The block tradeoff had the up/down ratio of 0.54. The net money flow for this big transaction was $(-2.69) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of The Blackstone Group L.P. rose by 1.76% in the last five trading days and 15.28% for the last 4 weeks. The Blackstone Group L.P. is up 26.62% in the last 3-month period. Year-to-Date the stock performance stands at 15.28%. The Blackstone Group L.P. (NYSE:BX) rose 1.73% or 0.53 points on Wednesday and made its way into the gainers of the day. After trading began at $31.03 the stock was seen hitting $31.69 as a peak level and $31.01 as the lowest level. The stock ended up at $31.16. The daily volume was measured at 7,004,650 shares. The 52-week high of the share price is $31.69 and the 52-week low is $22.45. The company has a market cap of $37,278 million.

Company has reported several Insider transactions to the SEC, on Dec 21, 2016, John G Finley (Chief Legal Officer) sold 10,000 shares at 29.00 per share price.On Sep 9, 2016, Kathleen Skero (Principal Accounting Officer) sold 11,500 shares at 26.51 per share price.On Feb 23, 2016, Bennett J Goodman (director) sold 342,916 shares at 26.31 per share price.

Blackstone Group LP Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.66. The company had revenue of $1569.36 million for the quarter, compared to analysts expectations of $1494.56 million. The companys revenue was up 74.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Blackstone is one of the worlds leading investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.


Share this post

Leave a Reply