Latest news with #JonathanGray
Yahoo
24-05-2025
- Business
- Yahoo
Insider Spends US$493k Buying More Shares In Prairie Operating
Potential Prairie Operating Co. (NASDAQ:PROP) shareholders may wish to note that the Independent Director, Jonathan Gray, recently bought US$493k worth of stock, paying US$3.75 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 1,916%. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Notably, that recent purchase by Jonathan Gray is the biggest insider purchase of Prairie Operating shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$3.92. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Prairie Operating share holders is that insiders were buying at near the current price. Happily, we note that in the last year insiders paid US$511k for 136.50k shares. But insiders sold 100.83k shares worth US$1.1m. In total, Prairie Operating insiders sold more than they bought over the last year. 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! View our latest analysis for Prairie Operating If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations. Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 34% of Prairie Operating shares, worth about US$52m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. The recent insider purchases are heartening. On the other hand the transaction history, over the last year, isn't so positive. The more recent transactions are a positive, but Prairie Operating insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. In short they are likely aligned with shareholders. 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. For instance, we've identified 3 warning signs for Prairie Operating (1 shouldn't be ignored) you should be aware of. Of course Prairie Operating may not be the best stock to buy. So you may wish to see this free collection of high quality companies. 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 of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
New York Times
06-05-2025
- Health
- New York Times
Blackstone President Donates $125 Million to Tel Aviv University
As Israel faces a doctor shortage, Jonathan Gray, the president of the investment firm Blackstone, and his wife, Mindy, are donating $125 million to Tel Aviv University's health science and medical school. The donation, through the Grays' foundation, is the largest ever to Tel Aviv University, and is expected to allow the medical school enrollment to increase by a quarter. The funds will support, among other things, a new 600-bed dormitory, scholarships and new teaching facilities. Israel's limited capacity for medical training has contributed to a persistent shortage of doctors. As of 2020, the number of doctors per capita was about 10 percent below the average of countries in the Organization for Economic Corporation and Development. 'When Israeli students go to study medicine abroad, some of them stay — and for us, it's a loss' Professor Ariel Porat, the university's president, said. 'This is the brain drain that people talk about in many other fields, but it's especially acute with doctors.'
Business Wire
06-05-2025
- Business
- Business Wire
West Brom Building Society Announces Major Digital Transformation with Deloitte and 10x Banking
LONDON--(BUSINESS WIRE)-- West Brom Building Society, the UK's eighth largest building society is embarking on its digital transformation journey working with the technology team at Deloitte, the professional services firm and 10x Banking, the cloud-native meta core banking platform. West Brom Building Society is pleased to be working with Deloitte and 10x to deliver the next stage of its digital transformation, putting the right technology in place to continue providing excellent service to its customers in a digital world. The transformation programme will ensure the business continues to meet the evolving needs of its customers, around choice, flexibility and the ability to access services in the way that suits them best. The news comes as the building society sector prepares to mark its 250th anniversary at the 2025 Building Societies Annual Conference, highlighting the pressing need for mutuals to innovate through modernising their technology and delivering on their purpose, in a world increasingly driven by digital customer experience and AI enhanced business processes. Jonathan Westhoff, Chief Executive Officer, West Brom Building Society said: 'We chose to work with Deloitte and 10x because they understand what matters to us as a mutual – our customers. Working on this together is an exciting step forward in building the digital service and technology we want for the future. It's based on the simple premise of helping our customers in the way that suits them best. As expectations grow and technology evolves, we want to make sure we're right there with them, responsive and ready for what's next in their financial lives - whether that's buying their home or growing their savings for a more secure future.' West Brom Building Society is the eighth largest building society in the UK and has been supporting its customers for over 175 years since it was founded in 1849. The adoption of Converge™ by Deloitte, fully integrated to 10x Banking's platform, will enable West Brom to unify its systems on a cloud-native architecture designed for mutuals. It will enable rapid product launches and allow customers to transact as they prefer - without incurring outsized complexity, cost and risk. Converge™ by Deloitte is a modern composable accelerator designed to help banks and building societies deliver new digital capabilities at pace. The relationship between West Brom, Deloitte and 10x Banking, encompasses a multi-phase transformation strategy, enhancing West Brom's digital savings products, migrating existing accounts to Converge™ and the 10x platform, and unlocking greater value across its mortgage portfolio. Jonathan Gray, UK Head of Banking Technology and Transformation at Deloitte said: 'Building societies play a prominent role in the UK savings and mortgage sector, combining financial stewardship with social purpose. We're proud to be working with West Brom Building Society and 10x Banking to facilitate the modernisation of the society's digital capability and core systems, so that they can continue to deliver value for their 400,000+ members.' Unlike traditional all-in-one systems, 10x's platform lets mutuals tailor their products using a wide range of ready-made modules, which take away all of the unnecessary complexity, ideal for institutions balancing lean IT resources with the need to differentiate and innovate at scale and speed. Antony Jenkins, Founder and CEO of 10x Banking, said: 'The West Brom's transformation is a milestone for the sector. Our meta core platform lets mutuals futureproof their operations while staying true to their purpose. As we approach the sector's 250th anniversary, this partnership exemplifies how - with the right cloud-native core technology in place – heritage, social purpose and innovation can coexist and deliver world-class financial solutions.' West Brom Building Society, Deloitte and 10x Banking will be attending the 2025 Building Societies Annual Conference, hosted in Birmingham between 7 and 8 May. Notes to editors About the West Brom The West Brom is the UK's eighth largest building society and is a leading provider of financial services. Proudly independent, West Brom Building Society is owned by and run for the benefit of its customers. Since its foundation in 1849, the Society's fundamental principles have been, and remain, to offer people the opportunity to buy their own homes and save for the future. About 10x Banking 10x Banking is a cloud-native core banking platform for financial institutions and their partners. Founded by former banking executives and built by technologists, the 10x Banking platform empowers its customers with best-in-class security, scalability and speed. Proven across transformational deployments including Westpac, Chase and Old Mutual, 10x Banking offers banks the fastest, most cost-effective and derisked path to full cloud-native transformation through its unique 'meta core' approach. Its scalable, resilient, and flexible technology is built to empower financial institutions to better serve their customers and communities. 10x Banking is a B-Corp certified business with local presence in London, UK, Sydney, Australia and Singapore and is funded by a portfolio of world-class investors including BlackRock and J.P. Morgan. For more information, visit and follow us on LinkedIn. About Deloitte In this press release references to 'Deloitte' are references to one or more of Deloitte Touche Tohmatsu Limited ('DTTL') a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms. The information contained in this press release is correct at the time of going to press. For more information, please visit Member of Deloitte Touche Tohmatsu Limited.
CNBC
05-05-2025
- Business
- CNBC
Blackstone president sees 'a ton' of AI data center demand, commercial real estate recovery
Although President Donald Trump's tariffs have posed a threat to the artificial intelligence boom, Jonathan Gray of Blackstone thinks there's more gas in the tank for data center usage demand. "I think this trend is powerful. I think it will continue," the firm's president and chief operating officer told CNBC's " Squawk on the Street " on Monday. While he added that chip export restrictions are "slowing things down" a bit and that U.S.-controlled data centers would be a solution that could limit security concerns around that area, he continued by saying that "overall, we still see a ton of demand." After coming under significant pressure in the wake of Trump's "reciprocal" tariffs announcement in early April, Big Tech stocks have since rebounded. The Roundhill Magnificent Seven ETF (MAGS) has climbed back above its April 2 closing price thanks in part to the latest quarterly results from Meta Platforms and Microsoft last week. Those reports renewed confidence among investors that the AI trade was still intact despite concerns of a U.S. economic downturn and uncertainty around global trade barriers. "I think there's a bit of a danger that it's almost like there's this wall in front of us and … we've forgotten what's off in the distance, which is this powerful revolution in technology," he said. "[Meta CEO] Mark Zuckerberg said last week that what's happening in AI is staggering, and we share that view." While Gray stressed that AI is still "in the early days," he sees "significant increases" in the space year by year. He also believes the electricity needs of this data center growth will be met, though considering all sources of power like renewables and natural gas is imperative. "It's a global issue. I mean, everywhere there are constraints," he said about electricity demand. "Big companies are recognizing this, and I think the investments will come, and importantly, the government recognizes it, and so it is the gating factor on this sort of technological revolution we're on." In addition to being bullish on electricity and power, he's also optimistic about commercial real estate, saying that a massive pullback in new starts over the past three years "is laying the framework, the groundwork for a big recovery in commercial real estate." That even includes the office sector, which has suffered major headwinds since the Covid-19 pandemic.
Yahoo
18-04-2025
- Business
- Yahoo
Blackstone Inc (BX) Q1 2025 Earnings Call Highlights: Record Inflows and AUM Amid Market Challenges
GAAP Net Income: $1.2 billion for the first quarter. Distributable Earnings: $1.4 billion, or $1.09 per common share. Dividend Declared: $0.93 per common share. Fee-Related Earnings Growth: 9% year-over-year. Assets Under Management (AUM): Increased 10% year-over-year to nearly $1.2 trillion. Inflows: $62 billion in Q1, highest level in three years. Management Fees: Increased 11% to a record $1.9 billion in Q1. Net Realizations Increase: 22% year-over-year. Performance Revenue Eligible AUM: Reached a record $583 billion, up 13% year-over-year. Infrastructure Appreciation: 7.5% in the quarter and 24% for the last 12 months. Corporate Private Equity Funds Appreciation: 1.1% in the quarter and 14% for the last 12 months. Non-Investment Grade Private Credit Strategies Return: 2.7% in the quarter and 15% for the last 12 months. Core Plus Real Estate Funds Appreciation: 1.2% in the first quarter. Warning! GuruFocus has detected 6 Warning Signs with BX. Release Date: April 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Blackstone Inc (NYSE:BX) reported strong first-quarter results with distributable earnings up 11% year-over-year to $1.4 billion. The company raised $62 billion in inflows in Q1, the highest level in three years, contributing to a record $1.2 trillion in assets under management. Blackstone's private credit business has expanded significantly, with $465 billion in assets, driven by strong performance and structural tailwinds. The firm's private wealth platform continues to grow, with $270 billion in assets, and new strategic alliances with Wellington and Vanguard aim to democratize private markets. Blackstone's infrastructure platform saw a 36% year-over-year increase in assets under management, with strong performance in data centers and other areas. Uncertainty around tariffs and their potential impact on economic growth and inflation poses risks to investor sentiment and market conditions. Realization activity is expected to be affected by policy-driven uncertainty and market volatility, potentially impacting near-term earnings. The direct first-order exposure to tariffs is limited, but there are potential material impacts on a small group of portfolio companies. The IPO market is currently challenging, with conditions being the toughest among capital markets, affecting potential exits. The North American institutional channel faces fundraising headwinds due to continued realization challenges and a mature market environment. Q: Can you discuss the deployment opportunity with nearly $180 billion of dry powder, given the current uncertain and volatile environment? A: Jonathan Gray, President and COO, explained that during periods of dislocation, Blackstone accelerates deployment in areas where security values have decoupled due to technical factors. They are looking at public companies and sectors with long-term conviction, such as digital infrastructure and energy. The firm is well-positioned to take advantage of opportunities with $177 billion of dry powder. Q: Why do private market solutions work well in all environments, and how does Blackstone emerge stronger from periods of volatility? A: Jonathan Gray highlighted that Blackstone's model is designed for stress periods, with almost no net debt and $177 billion of dry powder. This allows them to be counter-cyclical, leaning in when prices drop. The long-term nature of their investments and the ability to hold assets without being forced sellers contribute to their resilience and strength. Q: What is your outlook for fundraising in the North American institutional channel, given continued realization headwinds? A: Jonathan Gray noted that while decision-making may slow due to the environment, North American clients remain committed to private assets. Certain segments like secondaries, infrastructure, and credit are in favor. The overall bias is towards more alternatives, driven by strong returns. Q: Can you comment on the opportunity to expand the global wealth management business, particularly with the Wellington and Vanguard partnership? A: Jonathan Gray emphasized the significant growth potential in the wealth area, with Blackstone's strong brand and history in private wealth. The partnership with Wellington and Vanguard aims to create holistic solutions for individual investors, enhancing access to private market solutions. Q: How do you assess the direct impact of tariffs on your portfolio, and how is your direct lending business holding up? A: Jonathan Gray stated that the direct impact of tariffs is limited to a small group of companies affected by supply chain costs. The broader impact depends on market volatility and economic slowdown. The direct lending business is resilient, with lower leverage compared to past cycles, and is expected to withstand potential stresses. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
