First Trust Advisors LP bought a new stake in Black Knight Inc (NYSE:BKI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 147,067 shares of the company’s stock, valued at approximately $6,493,000. First Trust Advisors LP owned 0.10% of Black Knight as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Black Knight during the third quarter worth approximately $202,000. Elk Creek Partners LLC bought a new position in shares of Black Knight during the third quarter worth $4,080,000. Venturi Wealth Management LLC bought a new position in shares of Black Knight during the third quarter worth $1,572,000. Marshwinds Advisory Co. acquired a new stake in Black Knight in the 4th quarter valued at $243,000. Finally, Confluence Investment Management LLC increased its stake in Black Knight by 142.7% in the 4th quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock valued at $90,652,000 after buying an additional 1,207,427 shares during the last quarter. 85.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Black Knight Inc (BKI) traded down $0.05 during mid-day trading on Wednesday, hitting $48.95. 3,662,511 shares of the stock traded hands, compared to its average volume of 893,160. 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 stock has a market capitalization of $7,364.17, a P/E ratio of 33.60, a P/E/G ratio of 1.92 and a beta of 0.86.
Black Knight (NYSE:BKI) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Black Knight had a net margin of 17.14% and a return on equity of 11.32%. The company had revenue of $268.40 million during the quarter, compared to analyst estimates of $270.08 million. equities research analysts predict that Black Knight Inc will post 1.71 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Black Knight from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays cut their price objective on shares of Black Knight from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Wedbush reissued a “neutral” rating and issued a $50.00 price objective on shares of Black Knight in a report on Wednesday, January 31st. Oppenheimer upgraded shares of Black Knight from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. Finally, Knight Equity upgraded 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $51.00.
In other Black Knight news, Director H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of Black Knight stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 30.78% of the company’s stock.
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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