Black Knight, Inc. (NYSE:BKI) Brief Interest Update
Black Knight, Inc. (NYSE: BKI – Get Rating) was the target of strong short-term interest growth in April. As of April 15, there was short interest totaling 3,240,000 shares, a growth of 50.0% from the total of 2,160,000 shares as of March 31. Currently, 2.2% of the stock’s shares are sold short. Based on an average daily volume of 1,440,000 shares, the day-to-cover ratio is currently 2.3 days.
BKI has been the subject of a number of recent analyst reports. Jefferies Financial Group cut Black Knight shares from a “buy” rating to a “hold” rating and lowered its target price for the stock from $100.00 to $71.00 in a Tuesday research report February 8. TheStreet reduced Black Knight’s shares from a “b-” rating to a “c+” rating in a Wednesday, March 2 research report. Zacks Investment Research upgraded shares of Black Knight from a “sell” rating to a “hold” rating in a Friday, February 18 research report. Wedbush lowered its price target on Black Knight shares from $85.00 to $70.00 and set a “neutral” rating for the company in a Thursday, Feb. 17 research report. Finally, Oppenheimer lowered his price target on Black Knight shares from $92.00 to $80.00 in a Friday, April 8 research report. Three equity research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. Based on data from MarketBeat, Black Knight currently has an average rating of “Hold” and an average target price of $79.60.
Hedge funds and other institutional investors have recently changed their holdings in the company. BNP Paribas Arbitrage SA increased its stake in Black Knight shares by 75.3% in the third quarter. BNP Paribas Arbitrage SA now owns 115,128 shares of the company valued at $8,289,000 after purchasing an additional 49,459 shares in the last quarter. Atria Investments LLC increased its stake in Black Knight by 23.4% during the 4th quarter. Atria Investments LLC now owns 19,074 shares of the company worth $1,581,000 after acquiring 3,618 additional shares in the last quarter. Assenagon Asset Management SA bought a new position in Black Knight during the 4th quarter for a value of approximately $2,385,000. Man Group plc increased its stake in Black Knight by 63.7% during the third quarter. Man Group plc now owns 53,256 shares in the company worth $3,834,000 after acquiring a further 20,723 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Black Knight by 33.9% during the 4th quarter. The Illinois Municipal Retirement Fund now owns 12,723 shares of the company worth $1,055,000 after acquiring 3,218 additional shares in the last quarter. 93.78% of the shares are currently held by institutional investors.
BKI lost $0.44 in Friday’s midday session, hitting $65.79. The company had a trading volume of 1,700,435 shares, compared to an average volume of 1,534,632 shares. The company has a debt ratio of 1.13, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $10.22 billion, a PE ratio of 49.47, a P/E/G ratio of 2.29 and a beta of 0.84. Black Knight has a 12-month low of $52.00 and a 12-month high of $84.27. The company’s 50-day simple moving average is $61.50 and its 200-day simple moving average is $69.66.
Black Knight (NYSE:BKI – Get Rating) last released its results on Tuesday, February 15. The company reported earnings per share (EPS) of $0.61 for the quarter, beating the consensus estimate of $0.55 by $0.06. The company posted revenue of $386.20 million for the quarter, versus analyst estimates of $381.05 million. Black Knight had a net margin of 14.09% and a return on equity of 14.03%. The company’s revenue for the quarter increased 12.9% year over year. In the same quarter last year, the company achieved EPS of $0.55. As a group, sell-side analysts expect Black Knight to post 2.43 EPS for the current fiscal year.
About the Dark Knight (Get an assessment)
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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