Short-term stake in Black Knight, Inc. (NYSE:BKI) drops 16.9%

Black Knight, Inc. (NYSE: BKI – Get Rating) benefited from a sharp drop in short-term interest rates in October. As of October 15, there was short interest totaling 2,940,000 shares, down 16.9% from the September 30 total of 3,540,000 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 717,300 shares, the short interest ratio is currently 4.1 days.

Dark Knight Stock Performance

NYSE: BKI lost $1.00 during Friday trading hours, hitting $60.27. 888,064 shares of the company were traded, against an average volume of 868,936. The company has a market capitalization of $9.40 billion, a price/earnings ratio of 18.04, a P/E/G ratio of 2.58 and a beta of 0.60. The company has a 50-day moving average of $65.21 and a 200-day moving average of $66.16. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt ratio of 1.09. Black Knight has a 1 year minimum of $52.00 and a 1 year maximum of $84.27.

Black Knight (NYSE:BKI – Get Rating) last released its quarterly results on Thursday, August 4. The company reported earnings per share of $0.58 for the quarter, missing analyst consensus estimates of $0.61 per ($0.03). The company posted revenue of $394.50 million for the quarter, versus analyst estimates of $393.89 million. Black Knight had a return on equity of 15.37% and a net margin of 33.57%. Research analysts expect Black Knight to post an EPS of 2.43 for the current year.

Hedge funds weigh on Black Knight

A number of large investors have recently bought and sold shares of BKI. Massachusetts Financial Services Co. MA increased its position in Black Knight by 62.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,090,741 shares of the company worth $585,163,000 after purchasing an additional 3,874,306 shares in the last quarter. Versor Investments LP acquired a new position in Black Knight during Q2 worth $97,197,000. TIG Advisors LLC bought a new position in Black Knight stock in Q2 worth approximately $56,596,000. Price T Rowe Associates Inc. ® increased its stake in Black Knight stock by 4.0% in Q2. Price T Rowe Associates Inc. MD now owns 20,997,723 shares of the company valued at $1,373,041,000 after purchasing an additional 813,745 shares last quarter. Finally, Alpine Associates Management Inc. bought a new position in Black Knight stock in Q2 valued at around $46,231,000. Hedge funds and other institutional investors own 90.84% ​​of the company’s shares.

About the Dark Knight

(Get a rating)

Black Knight, Inc provides integrated software, data and analytics solutions in North America and internationally. The Software Solutions segment offers software and hosting solutions including MSP, a software-as-a-service application platform for mortgages, home equity loans and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides easy access to personalized and timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; and Empower, a loan origination system used by lenders to create mortgages, home equity loans and HELOCs.

Read more

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Black Knight, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Black Knight didn’t make the list.

Although Black Knight currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

About Valerie Wilson

Check Also

Verastem: Private Placement – Form 8-K

UNITED STATES SAFETY AND EXCHANGES COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to …