BlueMar Capital Management LLC Sells 18,917 Shares of Black Knight, Inc. (NYSE:BKI)

BlueMar Capital Management LLC lessened its stake in Black Knight, Inc. (NYSE:BKI) by 26.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,451 shares of the company’s stock after selling 18,917 shares during the period. Black Knight comprises about 2.8% of BlueMar Capital Management LLC’s holdings, making the stock its 13th largest holding. BlueMar Capital Management LLC’s holdings in Black Knight were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc increased its holdings in Black Knight by 4.6% during the 1st quarter. CIBC Asset Management Inc now owns 4,313 shares of the company’s stock valued at $248,000 after purchasing an additional 189 shares during the period. US Bancorp DE increased its holdings in Black Knight by 0.6% during the 1st quarter. US Bancorp DE now owns 31,011 shares of the company’s stock valued at $1,785,000 after purchasing an additional 195 shares during the period. Compass Wealth Management LLC increased its holdings in Black Knight by 7.4% during the 1st quarter. Compass Wealth Management LLC now owns 2,900 shares of the company’s stock valued at $167,000 after purchasing an additional 200 shares during the period. AQR Capital Management LLC grew its holdings in shares of Black Knight by 6.8% during the 4th quarter. AQR Capital Management LLC now owns 3,739 shares of the company’s stock worth $228,000 after acquiring an additional 239 shares during the period. Finally, First National Bank of Omaha grew its holdings in shares of Black Knight by 0.9% during the 1st quarter. First National Bank of Omaha now owns 27,327 shares of the company’s stock worth $1,573,000 after acquiring an additional 250 shares during the period. Institutional investors own 87.64% of the company’s stock.

Black Knight Price Performance

NYSE BKI opened at $75.76 on Tuesday. The business’s fifty day moving average price is $71.02 and its 200-day moving average price is $61.64. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 17.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.43 and a quick ratio of 1.43. Black Knight, Inc. has a 1-year low of $53.15 and a 1-year high of $75.99.

Black Knight (NYSE:BKI) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $368.20 million for the quarter, compared to the consensus estimate of $376.17 million. Black Knight had a net margin of 16.09% and a return on equity of 10.59%. On average, equities analysts predict that Black Knight, Inc. will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BKI shares. William Blair reiterated a “market perform” rating on shares of Black Knight in a report on Thursday, July 27th. Stephens cut Black Knight from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $72.00 to $75.00 in a research report on Monday, July 24th. Finally, Truist Financial reissued a “hold” rating and issued a $75.00 price target (up from $60.00) on shares of Black Knight in a research report on Tuesday, July 18th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Black Knight presently has an average rating of “Hold” and a consensus price target of $69.00.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The company operates in two segments, Software Solutions and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including MSP, a software as a service application platform for mortgage, home equity loans, and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides access to customized timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts to streamline the loss mitigation process and reduce risk; and Empower, a loan origination system used by lenders to originate mortgages, home equity lines of credit, and supporting retail, consumer-direct, home equity, correspondent, wholesale and assumption channels on a single, and unified platforms.