Blackstone Mortgage Trust (NYSE:BXMT) reported its Q1 earnings results on Wednesday, April 27, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Pulled from Benzinga Pro data, Blackstone Mortgage Trust (NYSE:BXMT) showed a loss in earnings since Q2, totaling $84.47 million. Sales, on the other hand, increased by 3.05% to $117.42 million during Q3.