BK Technologies Co. (NYSEAMERICAN:BKTI - Get Free Report)'s share 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 Trading Down 3.0 %
The stock has a market capitalization of $116.06 million, a price-to-earnings ratio of 23.80 and a beta of 1.24.
Insider Activity
In related news, Director Charles T. Lanktree sold 992 shares of BK Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total transaction of $34,720.00. Following the transaction, the director now owns 549 shares of the company's stock, valued at $19,215. This trade represents a 64.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.48% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On BK Technologies
A number of hedge funds have recently modified their holdings of BKTI. JPMorgan Chase & Co. boosted its stake 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 period. Geode Capital Management LLC lifted its holdings in shares of BK Technologies by 52.7% in the third 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BK Technologies by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company's stock worth $692,000 after buying an additional 8,798 shares in the last quarter. Renaissance Technologies LLC raised its position in BK Technologies by 52.5% in the 2nd quarter. Renaissance Technologies LLC now owns 141,816 shares of the company's stock valued at $1,815,000 after buying an additional 48,838 shares during the last quarter. Finally, Bard Associates Inc. lifted its stake in BK Technologies by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 143,448 shares of the company's stock valued at $3,123,000 after acquiring an additional 871 shares in the last quarter. Institutional investors and hedge funds own 55.05% of the company's stock.
BK Technologies Company Profile
(
Get Free Report)
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).
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