Segantii Capital Management Ltd reduced its holdings in Blackline Inc (NASDAQ:BL) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,500 shares of the technology company’s stock after selling 2,000 shares during the quarter. Blackline accounts for 0.5% of Segantii Capital Management Ltd’s portfolio, making the stock its 11th largest position. Segantii Capital Management Ltd owned about 0.26% of Blackline worth $5,794,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of BL. Rehmann Capital Advisory Group acquired a new position in shares of Blackline during the 3rd quarter valued at $1,123,000. Wells Fargo & Company MN increased its position in shares of Blackline by 10.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,102,411 shares of the technology company’s stock valued at $62,253,000 after purchasing an additional 101,344 shares during the period. Barton Investment Management increased its position in shares of Blackline by 12.5% during the 3rd quarter. Barton Investment Management now owns 506,840 shares of the technology company’s stock valued at $28,621,000 after purchasing an additional 56,200 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Blackline during the 3rd quarter valued at $213,000. Finally, Bank of New York Mellon Corp increased its position in shares of Blackline by 17.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 204,592 shares of the technology company’s stock valued at $11,553,000 after purchasing an additional 30,427 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Shares of NASDAQ BL opened at $48.53 on Tuesday. Blackline Inc has a 52-week low of $32.50 and a 52-week high of $58.11. The firm has a market capitalization of $2.65 billion, a P/E ratio of -131.16 and a beta of 1.03.
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BlackLine, Inc provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities.
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