BK Technologies (NYSEAMERICAN:BKTI) Now Covered by Analysts at Lake Street Capital

Lake Street Capital started coverage on shares of BK Technologies (NYSEAMERICAN:BKTI - Free Report) in a research report released on Friday, Marketbeat reports. The firm issued a buy rating and a $40.00 price objective on the stock.

BK Technologies Stock Up 6.1 %

NYSEAMERICAN:BKTI traded up $1.92 on Friday, reaching $33.50. 25,918 shares of the company's stock were exchanged, compared to its average volume of 26,872. The firm has a market capitalization of $119.26 million, a PE ratio of 24.45 and a beta of 1.22. BK Technologies has a 52 week low of $11.10 and a 52 week high of $38.70.

Insiders Place Their Bets

In other news, Director Charles T. Lanktree sold 992 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total value of $34,720.00. Following the completion of the transaction, the director now directly owns 549 shares in the company, valued at approximately $19,215. This trade 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 can be accessed through the SEC website. Company insiders own 9.48% of the company's stock.

Institutional Investors Weigh In On BK Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bard Associates Inc. increased its stake in shares of BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company's stock worth $3,123,000 after buying an additional 871 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 10,431 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BK Technologies by 64,342.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company's stock valued at $98,000 after buying an additional 4,504 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of BK Technologies during the 4th quarter valued at $488,000. Finally, IFP Advisors Inc bought a new stake in shares of BK Technologies during the 4th quarter valued at $99,000. 55.05% of the stock is owned by hedge funds and other institutional investors.

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).