Morgan Dempsey Capital Management LLC Sells 10,395 Shares of BK Technologies Co. (NYSEAMERICAN:BKTI)

Morgan Dempsey Capital Management LLC cut its position in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 44.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,744 shares of the company’s stock after selling 10,395 shares during the quarter. Morgan Dempsey Capital Management LLC owned about 0.36% of BK Technologies worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BKTI. Bard Associates Inc. boosted its position in shares of BK Technologies by 0.6% during the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock valued at $3,123,000 after purchasing an additional 871 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $658,000 after acquiring an additional 10,431 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in BK Technologies by 64,342.9% in the third quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock worth $98,000 after acquiring an additional 4,504 shares in the last quarter. Ritholtz Wealth Management bought a new stake in BK Technologies in the fourth quarter worth $488,000. Finally, IFP Advisors Inc bought a new stake in BK Technologies in the fourth quarter worth $99,000. 55.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital started coverage on BK Technologies in a report on Friday, February 14th. They issued a “buy” rating and a $40.00 target price on the stock.

BK Technologies Price Performance

BK Technologies stock opened at $30.50 on Friday. The firm has a market cap of $108.58 million, a P/E ratio of 22.26 and a beta of 1.22. BK Technologies Co. has a one year low of $11.15 and a one year high of $38.70.

Insiders Place Their Bets

In other news, Director Charles T. Lanktree sold 992 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was 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 owns 549 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Company insiders own 9.48% of the company’s stock.

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).