BK Technologies Co. (NYSEAMERICAN:BKTI) Stock Holdings Lowered by Bard Associates Inc.

Bard Associates Inc. cut its position in BK Technologies Co. (NYSEAMERICAN:BKTI) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,528 shares of the company’s stock after selling 1,920 shares during the quarter. BK Technologies comprises 1.7% of Bard Associates Inc.’s holdings, making the stock its 11th biggest position. Bard Associates Inc.’s holdings in BK Technologies were worth $4,853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BKTI. Ritholtz Wealth Management bought a new position in shares of BK Technologies in the fourth quarter worth $488,000. Geode Capital Management LLC raised its stake in shares of BK Technologies by 52.7% during 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. JPMorgan Chase & Co. lifted 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 purchasing an additional 4,504 shares during the period. Finally, IFP Advisors Inc bought a new position in BK Technologies in the 4th quarter valued at about $99,000. 55.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BK Technologies Price Performance

BKTI opened at $28.03 on Tuesday. The company has a market capitalization of $99.79 million, a price-to-earnings ratio of 20.46 and a beta of 1.22. BK Technologies Co. has a 1-year low of $11.15 and a 1-year high of $38.70.

Insider Activity

In other BK Technologies 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 value of $34,720.00. Following the transaction, the director now owns 549 shares in the company, valued at approximately $19,215. The trade was a 64.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.48% of the company’s stock.

BK Technologies Profile

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).