American International Group Inc. purchased a new stake in Black Knight Inc (NYSE:BKI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,563 shares of the company’s stock, valued at approximately $687,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new position in Black Knight in the 4th quarter valued at about $102,000. Duncker Streett & Co. Inc. bought a new position in shares of Black Knight during the 4th quarter worth approximately $111,000. Hirtle Callaghan & Co LLC bought a new position in shares of Black Knight during the 4th quarter worth approximately $115,000. First Bank & Trust bought a new position in shares of Black Knight during the 4th quarter worth approximately $130,000. Finally, JFS Wealth Advisors LLC bought a new position in shares of Black Knight during the 4th quarter worth approximately $131,000. 85.24% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of Black Knight stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $48.63, for a total value of $340,410,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 30.78% of the company’s stock.
Several equities analysts have commented on BKI shares. Knight Equity raised shares of Black Knight from a “market perform” rating to a “buy” rating and lifted their target price for the stock 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 lifted their target price for the stock from $42.00 to $52.00 in a research report on Tuesday, January 2nd. Compass Point started coverage on shares of Black Knight in a research report on Wednesday, January 3rd. They set a “buy” rating and a $52.00 target price on the stock. 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 on the stock in a research report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $51.00.
Shares of NYSE:BKI traded down $0.20 during mid-day trading on Monday, reaching $46.90. The company had a trading volume of 748,656 shares, compared to its average volume of 902,093. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $7,071.40, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86. Black Knight Inc has a one year low of $37.42 and a one year high of $53.00.
Black Knight (NYSE:BKI) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $268.40 million for the quarter, compared to analysts’ expectations of $270.08 million. Black Knight had a net margin of 17.14% and a return on equity of 11.32%. research analysts predict that Black Knight Inc will post 1.71 earnings per share for the current year.
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About Black Knight
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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