Madison Asset Management LLC Buys Shares of 660,573 Blackline Safety Corp. $BLKLF

Madison Asset Management LLC purchased a new stake in shares of Blackline Safety Corp. (OTCMKTS:BLKLF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 660,573 shares of the company’s stock, valued at approximately $115,323,000. Blackline Safety accounts for about 1.4% of Madison Asset Management LLC’s holdings, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLKLF. Bank of New York Mellon Corp bought a new stake in shares of Blackline Safety in the second quarter worth $117,463,000. HBK Sorce Advisory LLC bought a new position in Blackline Safety in the second quarter valued at about $833,000. Simplicity Wealth LLC purchased a new position in Blackline Safety in the second quarter worth about $481,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Blackline Safety during the 2nd quarter valued at about $288,000. Finally, Principle Wealth Partners LLC purchased a new stake in shares of Blackline Safety during the 2nd quarter valued at about $453,000.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut shares of Blackline Safety from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Blackline Safety Price Performance

Shares of Blackline Safety stock opened at $6.35 on Thursday. The stock’s fifty day moving average is $6.36 and its 200 day moving average is $5.91. Blackline Safety Corp. has a one year low of $4.32 and a one year 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.