The Blackstone Group L.P. (BX) : On Friday, The money flowed into the The Blackstone Group L.P. (BX) stock with an uptick to downtick ratio was recorded at 1.12. Transactions worth $20.79 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $18.56 million. The total money flow into the stock was $2.23 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $3.73 million of block transactions on upticks. The total money flow in block trades was $3.73 million. In terms of price action, The Blackstone Group L.P. (BX) traded down $0.05 during the session at $26.88. Compared to the previous days closing, the stock was down only by -0.19%. For the week, the stock is -2.04%, over previous weeks closing.
The company Insiders own 1% of The Blackstone Group L.P. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.8% . Institutional Investors own 49.09% of The Blackstone Group L.P. shares. During last six month period, the net percent change held by insiders has seen a change of -16.8%.
In a related news, The Securities and Exchange Commission has divulged that Skero Kathleen, officer (Principal Accounting Officer) of Blackstone Group L.P., had unloaded 11,000 shares at an average price of $27.87 in a transaction dated on August 15, 2016. The total value of the transaction was worth $306,570.
The Blackstone Group L.P. (NYSE:BX): stock was range-bound between the intraday low of $26.75 and the intraday high of $27.24 after having opened at $26.98 on Fridays session. The stock finally closed in the red at $26.98, a loss of -0.19%. The stock remained in the red for the whole trading day. The total traded volume was 3,513,230 shares. The stock failed to cross $27.24 in Fridays trading. The stocks closing price on Thursday was $26.93.
The Blackstone Group L.P. (BX) : During the past 4 weeks, traders have been relatively bearish on The Blackstone Group L.P. (BX), hence the stock is down -1.01% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.53% relative to the S&P 500. The 4-week change in the price of the stock is -1.14% and the stock has fallen -2.04% in the past 1 week.
The Blackstone Group L.P. is a global alternative asset manager. The Companys alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds mandates. The Companys segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Companys Private Equity segment focuses on identifying, managing and creating lasting value for its investors. The Company manages a number of global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a real estate investment trust (BXMT). The Companys Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.