The Blackstone Group L.P. (BX) – A Good Deal Just Got Better

    Blackstone Holdings III L.P., 10% Owner, added 120,000 shares of The Blackstone Group L.P. (BX) to its portfolio at the rate of $24.22 per share valuing $2,906,400 on May 08. The insider has now 1,127,935 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of The Blackstone Group L.P. (BX) was $43.95. Currently, the 1st Resistance Point for this stock is $44.24, with a 2nd Resistance Point sitting at $44.53. Meanwhile, this company’s stock has a 1st Support Level at $43.42 and a 2nd Support Level at $42.89. The Blackstone Group L.P. (BX) stock has gained $2.97, or 7.25%, in the past five days. In the last full month, these shares have gained $5.15, or 13.27%. In the past three months, this stock’s price has risen by $9.73, or 28.43%. This year-to-date, The Blackstone Group L.P. (BX) shares have gained $14.14, or 47.43%.

    Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For The Blackstone Group L.P. (BX) stock, 100% of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Buy .”

    In the most recently-reported fiscal quarter, which ended in Mar-19, The Blackstone Group L.P. (BX) reported earnings of $0.44 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.51 per share, representing a -0.07 difference and 13.57% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.05 represented a 0 difference from the consensus estimate calling for $0.05 per share, which was a 4.40% surprise.

    For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.60 per share. This estimate came from a total of 7 Wall Street Analysts. Of those market experts, the high estimate was $0.66 and the low estimate was $0.51. In the year-ago quarter, The Blackstone Group L.P. (BX) generated per-share earnings of $0.90. If the analysts are correct about the current quarter’s earnings, the growth will be -33.33% .

    Turning our focus now to insider trading activity, there have been 4 purchases (510,762 shares in total) and 4 sale (500,000 shares in total) in the last 3 months. In the last 6 months, there have been 7 insider buys amounting to 681,190 shares and 4 insider sales amounting to 500,000 shares. In the past full year, 15 insider purchases were made (involving 1,738,212 shares) and 12 insider sell-offs equivalent to 2,219,776 shares.

    Looking at this company’s capital structure, its Total Debt to Total Equity is 160.37, its Total Debt to Total Capital is 61.59, and its Total Debt to Total Assets is now 35.24. Looking even further ahead into the future, its Long-Term Debt to Equity is 157.42 and its Long-Term Debt to Total Capital is 60.46.