Stone Ridge Asset Management LLC acquired a new position in shares of Black Knight Inc (NYSE:BKI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,413 shares of the company’s stock, valued at approximately $1,210,000.
A number of other hedge funds also recently added to or reduced their stakes in BKI. Benjamin F. Edwards & Company Inc. bought a new position in Black Knight during the fourth quarter worth $102,000. Duncker Streett & Co. Inc. bought a new stake in shares of Black Knight in the fourth quarter valued at about $111,000. Hirtle Callaghan & Co LLC bought a new stake in shares of Black Knight in the fourth quarter valued at about $115,000. First Bank & Trust bought a new stake in shares of Black Knight in the fourth quarter valued at about $130,000. Finally, JFS Wealth Advisors LLC bought a new stake in shares of Black Knight in the fourth quarter valued at about $131,000. 85.24% of the stock is owned by hedge funds and other institutional investors.
In related news, Director H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $46.41, for a total transaction of $278,460,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.00% of the company’s stock.
Shares of Black Knight Inc (BKI) opened at $48.70 on Friday. Black Knight Inc has a 52-week low of $37.20 and a 52-week high of $53.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $7,221.54, a PE ratio of 36.44, a P/E/G ratio of 1.88 and a beta of 0.86.
Black Knight (NYSE:BKI) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Black Knight had a net margin of 17.14% and a return on equity of 11.32%. The business had revenue of $268.40 million during the quarter, compared to analysts’ expectations of $270.08 million. analysts expect that Black Knight Inc will post 1.71 EPS for the current fiscal year.
BKI has been the subject of a number of recent research reports. Knight Equity raised shares of Black Knight from a “market perform” rating to a “buy” rating and boosted their target price for the company from $42.00 to $52.00 in a research report on Tuesday, January 2nd. Deutsche Bank raised shares of Black Knight from a “hold” rating to a “buy” rating and boosted their target price for the company from $42.00 to $52.00 in a research report on Tuesday, January 2nd. Compass Point initiated coverage on shares of Black Knight in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $52.00 target price for the company. Oppenheimer raised shares of Black Knight from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research raised shares of Black Knight from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $51.00.
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Black Knight Profile
Black Knight, Inc provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.
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