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
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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.
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