Ritholtz Wealth Management purchased a new position in BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,232 shares of the company's stock, valued at approximately $488,000. Ritholtz Wealth Management owned approximately 0.40% of BK Technologies as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in BK Technologies by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company's stock worth $692,000 after acquiring an additional 8,798 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of BK Technologies by 52.5% during the second quarter. Renaissance Technologies LLC now owns 141,816 shares of the company's stock worth $1,815,000 after purchasing an additional 48,838 shares in the last quarter. Bard Associates Inc. increased its holdings 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. Geode Capital Management LLC increased its holdings in 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 buying an additional 10,431 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in BK Technologies by 64,342.9% in the third 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. Institutional investors and hedge funds own 55.05% of the company's stock.
BK Technologies Price Performance
NYSEAMERICAN:BKTI traded down $1.93 during midday trading on Tuesday, hitting $32.86. 36,170 shares of the company were exchanged, compared to its average volume of 27,986. BK Technologies Co. has a fifty-two week low of $11.06 and a fifty-two week high of $38.70. The firm has a market capitalization of $116.98 million, a P/E ratio of 23.87 and a beta of 1.23.
Insider Activity
In related news, Director Charles T. Lanktree sold 992 shares of BK Technologies stock in a transaction 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 transaction, the director now directly owns 549 shares in the company, valued at $19,215. This trade represents a 64.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.48% of the company's stock.
BK Technologies Company Profile
(
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).
Further Reading
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