Short-term stake in Black Knight, Inc. (NYSE: BKI) increases 91.5%
Black Knight, Inc. (NYSE: BKI – Get a rating) benefited from strong growth in short-term interest during the month of October. As of October 31, there was short interest totaling 5,630,000 shares, a 91.5% growth from the October 15 total of 2,940,000 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average daily volume of 810,400 shares, the day-to-cover ratio is currently 6.9 days.
Dark Knight down 0.2%
BKI traded down $0.14 on Friday, hitting $58.58. The company had a trading volume of 980,175 shares, compared to an average volume of 949,620. The company’s 50-day moving average price is $63.41 and its 200-day moving average price is 65.50 $. Black Knight has a 1 year minimum of $52.00 and a 1 year maximum of $84.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt ratio of 1.04. The company has a market capitalization of $9.14 billion, a P/E ratio of 18.36, a PEG ratio of 3.12 and a beta of 0.55.
Hedge funds weigh on Black Knight
Large investors have recently changed their positions in the stock. Robeco Institutional Asset Management BV increased its stake in Black Knight by 32.0% during the first quarter. Robeco Institutional Asset Management BV now owns 18,362 shares in the company worth US$1,065,000 after purchasing an additional 4,447 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Black Knight by 9.6% in Q1. Hennion & Walsh Asset Management Inc. now owns 4,721 shares of the company valued at $274,000 after acquiring 412 additional shares last quarter. Baker Tilly Wealth Management LLC increased its stake in Black Knight by 23.9% during the first quarter. Baker Tilly Wealth Management LLC now owns 9,373 shares of the company worth $544,000 after purchasing an additional 1,807 shares during the period. TownSquare Capital LLC raised its position in Black Knight stock 7.3% in the first quarter. TownSquare Capital LLC now owns 15,069 shares of the company worth $874,000 after purchasing an additional 1,023 shares in the last quarter. Finally, First Bank & Trust increased its equity stake in Black Knight by 33.7% in the first quarter. First Bank & Trust now owns 5,210 shares of the company valued at $302,000 after purchasing an additional 1,313 shares during the period. 90.84% of the shares are currently held by institutional investors and hedge funds.
About the Dark Knight
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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