Stock Analysis

Have Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Insiders Been Selling Their Stock?

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Investors may wish to note that the President & MD of Blackstone Mortgage Trust, Inc., Katharine Keenan, recently netted US$78k from selling stock, receiving an average price of US$27.52. However we note that the sale only shrunk their holding by 2.9%.

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The Last 12 Months Of Insider Transactions At Blackstone Mortgage Trust

Notably, that recent sale by Katharine Keenan is the biggest insider sale of Blackstone Mortgage Trust shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$27.07. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Blackstone Mortgage Trust insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:BXMT Insider Trading Volume January 7th 2021

I will like Blackstone Mortgage Trust better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership of Blackstone Mortgage Trust

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Blackstone Mortgage Trust insiders own 1.2% of the company, worth about US$48m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Blackstone Mortgage Trust Tell Us?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Blackstone Mortgage Trust has 4 warning signs (2 are a bit concerning!) that deserve your attention before going any further with your analysis.

But note: Blackstone Mortgage Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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