Black Knight, Inc. (NYSE:BKI) was the recipient of a significant increase in short interest in the month of May. As of May 28th, there was short interest totalling 4,230,000 shares, an increase of 21.6% from the May 13th total of 3,480,000 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily volume of 981,800 shares, the days-to-cover ratio is currently 4.3 days.
In other news, President Joseph M. Nackashi sold 13,500 shares of the business’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $75.79, for a total transaction of $1,023,165.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony M. Jabbour purchased 13,900 shares of Black Knight stock in a transaction dated Wednesday, June 2nd. The shares were purchased at an average cost of $71.77 per share, with a total value of $997,603.00. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. purchased a new position in Black Knight during the 4th quarter valued at about $27,000. Logan Capital Management Inc. purchased a new position in Black Knight during the 1st quarter valued at about $26,000. Berman Capital Advisors LLC grew its stake in Black Knight by 271.8% during the 1st quarter. Berman Capital Advisors LLC now owns 461 shares of the company’s stock valued at $34,000 after acquiring an additional 337 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Black Knight in the 1st quarter valued at approximately $35,000. Finally, Concord Wealth Partners bought a new stake in shares of Black Knight in the 1st quarter valued at approximately $36,000. 89.28% of the stock is currently owned by institutional investors.
BKI has been the subject of several analyst reports. TheStreet raised shares of Black Knight from a “c+” rating to a “b” rating in a report on Tuesday, May 25th. Barclays cut their price objective on shares of Black Knight from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, April 19th. Raymond James initiated coverage on shares of Black Knight in a research note on Tuesday, April 13th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Black Knight from a “sell” rating to a “hold” rating in a research note on Wednesday, April 28th. Finally, Wedbush restated a “neutral” rating on shares of Black Knight in a research note on Tuesday, May 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Black Knight has an average rating of “Buy” and a consensus target price of $97.31.
NYSE BKI opened at $74.26 on Friday. The business’s 50-day moving average is $73.31. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.86. The firm has a market cap of $11.63 billion, a P/E ratio of 42.92, a PEG ratio of 3.45 and a beta of 0.71. Black Knight has a 1 year low of $68.33 and a 1 year high of $97.19.
Black Knight (NYSE:BKI) last posted its quarterly earnings data on Thursday, May 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.11. Black Knight had a return on equity of 12.01% and a net margin of 20.66%. The firm had revenue of $349.10 million for the quarter, compared to the consensus estimate of $341.04 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts forecast that Black Knight will post 2 earnings per share for the current fiscal year.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The Software Solutions segment offers software and hosting solutions comprising MSP, a software as a service application platform for mortgage and home equity loans; Bankruptcy/Foreclosure solutions for managing and automating a range of various workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors; Servicing Digital, a white-labeled mobile solution; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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