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

Madison Asset Management LLC purchased a new position in Blackline Safety Corp. (OTCMKTS:BLKLF) in the second quarter, HoldingsChannel reports. The firm purchased 660,573 shares of the company’s stock, valued at approximately $115,323,000. Blackline Safety accounts for 1.4% of Madison Asset Management LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Blackline Safety during the 2nd quarter valued at $288,000. West Family Investments Inc. bought a new position in Blackline Safety in the 2nd quarter worth $297,000. Principle Wealth Partners LLC bought a new position in Blackline Safety in the 2nd quarter worth $453,000. Simplicity Wealth LLC purchased a new stake in Blackline Safety in the 2nd quarter worth $481,000. Finally, MidFirst Bank purchased a new stake in Blackline Safety in the 2nd quarter worth $525,000.

Blackline Safety Stock Performance

Shares of OTCMKTS BLKLF opened at $6.35 on Thursday. The firm’s fifty day moving average is $6.36 and its two-hundred day moving average is $5.91. Blackline Safety Corp. has a 52-week low of $4.32 and a 52-week high of $6.63.

Wall Street Analyst Weigh In

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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.