BK Technologies (NYSEAMERICAN:BKTI) Stock Price Up 1% – Here’s What Happened

BK Technologies Co. (NYSEAMERICAN:BKTI)’s stock price shot up 1% during trading on Monday . The company traded as high as $36.34 and last traded at $33.60. 15,019 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 21,973 shares. The stock had previously closed at $33.28.

BK Technologies Price Performance

The firm has a market cap of $119.62 million, a price-to-earnings ratio of 24.53 and a beta of 1.24.

Insider Activity

In related news, Director Charles T. Lanktree sold 992 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total transaction of $34,720.00. Following the sale, the director now owns 549 shares in the company, valued at $19,215. This represents a 64.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.48% of the company’s stock.

Hedge Funds Weigh In On BK Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of BKTI. Bard Associates Inc. lifted its stake in BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock valued at $3,123,000 after buying an additional 871 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of BK Technologies by 52.5% in the 2nd quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock worth $1,815,000 after acquiring an additional 48,838 shares during the period. Dimensional Fund Advisors LP lifted its position in BK Technologies by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock valued at $692,000 after purchasing an additional 8,798 shares during the last quarter. Geode Capital Management LLC boosted its stake in BK Technologies by 52.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock valued at $658,000 after purchasing an additional 10,431 shares during the period. Finally, JPMorgan Chase & Co. grew its position in BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock worth $98,000 after purchasing an additional 4,504 shares during the last quarter. 55.05% of the stock is currently owned by institutional investors and hedge funds.

About BK Technologies

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) that are hand-held (portable) or installed in vehicles (mobile).