Sone Capital Management LLC purchased a new position in Blackline Safety Corp. (OTCMKTS:BLKLF – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 106,377 shares of the company’s stock, valued at approximately $18,571,000. Blackline Safety accounts for approximately 1.4% of Sone Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Blackline Safety in the 2nd quarter valued at $581,655,000. Bank of New York Mellon Corp bought a new position in shares of Blackline Safety during the 2nd quarter valued at about $117,463,000. Madison Asset Management LLC bought a new position in shares of Blackline Safety during the 2nd quarter valued at about $115,323,000. Heartland Advisors Inc. purchased a new position in shares of Blackline Safety during the second quarter valued at about $8,952,000. Finally, Quantbot Technologies LP purchased a new position in shares of Blackline Safety during the second quarter valued at about $7,795,000.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada downgraded Blackline Safety from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Blackline Safety currently has a consensus rating of “Hold”.
Blackline Safety Price Performance
Shares of OTCMKTS:BLKLF opened at $6.35 on Tuesday. The firm has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $5.95. Blackline Safety Corp. has a 52 week low of $4.32 and a 52 week high of $6.63.
About Blackline Safety
Blackline Safety Corp. is a global provider of cloud-connected safety monitoring solutions designed to protect workers operating in hazardous environments. Headquartered in Calgary, Alberta, the company offers a suite of wearable gas detection and lone worker monitoring devices that integrate with its proprietary SafetyCloud platform. These solutions enable real-time visibility into worker safety status, environmental conditions, and emergency alerts, helping organizations comply with regulatory requirements and respond swiftly to incidents.
The company’s flagship products include the G7 series of wearable monitors, which combine multi-gas detection, two-way cellular communication, GPS tracking, and automatic man-down alerts in a single device.
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