Sone Capital Management LLC Buys New Position in Blackline Safety Corp. $BLKLF

Sone Capital Management LLC bought a new stake in shares of Blackline Safety Corp. (OTCMKTS:BLKLF) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 106,377 shares of the company’s stock, valued at approximately $18,571,000. Blackline Safety comprises approximately 1.4% of Sone Capital Management LLC’s holdings, making the stock its 27th largest position.

Several other institutional investors have also added to or reduced their stakes in the business. Hyperion Capital Advisors LP purchased a new position in shares of Blackline Safety during the 2nd quarter worth $349,000. Sanctuary Advisors LLC purchased a new stake in shares of Blackline Safety in the 2nd quarter worth $720,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Blackline Safety in the 2nd quarter worth $616,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Blackline Safety in the 2nd quarter worth $3,085,000. Finally, Commerce Bank bought a new position in Blackline Safety in the 2nd quarter worth $1,929,000.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered Blackline Safety from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Blackline Safety Stock Performance

Shares of BLKLF stock opened at $6.35 on Tuesday. Blackline Safety Corp. has a one year low of $4.32 and a one year high of $6.63. The company’s fifty day moving average price is $6.36 and its 200-day moving average price is $5.95.

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.