Is Black Knight (BKI) Still A Great Company to Invest In?

LRT Capital Management, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A return of +18.39% was recorded by the LRT Economic Moat strategy year-to-date, extending its 12-month returns to +35.34%. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

LRT Capital Management, in its Q3 2021 investor letter, mentioned Black Knight, Inc. (NYSE: BKI) and discussed its stance on the firm. Black Knight, Inc. is a Jacksonville, Florida-based financial services company with an $11.3 billion market capitalization. BKI delivered a -18.57% return since the beginning of the year, while its 12-month returns are down by -21.00%. The stock closed at $72.95 per share on November 26, 2021.

Here is what LRT Capital Management has to say about Black Knight, Inc.  in its Q3 2021 investor letter:

“Black Knight, Inc. (BKI) – the mortgage and real estate software company is down over 25% since peaking in late November of 2020. The business continues to grow (Q2 2021: revenue +23.27%), and the company’s valuation is reasonable for such a high-quality business.”

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Based on our calculations, Black Knight, Inc. (NYSE: BKI) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. BKI was in 38 hedge fund portfolios at the end of the third quarter of 2021, compared to 33 funds in the previous quarter. Black Knight, Inc. (NYSE: BKI) delivered a -3.93% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.