BK Technologies (NYSEAMERICAN:BKTI) Stock Price Down 0.9%

BK Technologies Co. (NYSEAMERICAN:BKTI) shares were down 0.9% on Monday . The stock traded as low as $14.30 and last traded at $14.77. Approximately 34,460 shares changed hands during trading, an increase of 209% from the average daily volume of 11,169 shares. The stock had previously closed at $14.90.

BK Technologies Stock Performance

The stock has a market cap of $52.14 million, a price-to-earnings ratio of -42.20 and a beta of 1.15.

BK Technologies (NYSEAMERICAN:BKTI) last announced its quarterly earnings results on Thursday, March 14th. The company reported $0.08 earnings per share for the quarter. BK Technologies had a negative net margin of 3.01% and a negative return on equity of 11.62%. The company had revenue of $16.31 million during the quarter.

Insiders Place Their Bets

In other BK Technologies news, major shareholder Fundamental Global Gp, Llc sold 13,906 shares of BK Technologies stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $12.49, for a total value of $173,685.94. Following the completion of the sale, the insider now owns 256,028 shares of the company’s stock, valued at approximately $3,197,789.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 25.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of BK Technologies by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 17,989 shares of the company’s stock valued at $220,000 after buying an additional 1,097 shares in the last quarter. Northern Trust Corp bought a new stake in BK Technologies in the 4th quarter valued at $162,000. Bard Associates Inc. increased its holdings in BK Technologies by 9.0% in the 4th quarter. Bard Associates Inc. now owns 138,617 shares of the company’s stock valued at $1,695,000 after acquiring an additional 11,485 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in BK Technologies by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,495 shares of the company’s stock valued at $556,000 after acquiring an additional 2,509 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new stake in BK Technologies in the 4th quarter valued at $85,000. Hedge funds and other institutional investors own 55.05% of the company’s stock.

BK Technologies Company Profile

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) and related components. It offers KNG Series and BKR Series radios operate in both the P25 digital and analog modes which are used primarily in government, public safety, and military applications; and BK radio products for intellectual property applications.