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

Lake Street Capital initiated coverage on shares of BK Technologies (NYSEAMERICAN:BKTI) in a research note published on Friday morning, Marketbeat reports. The firm issued a buy rating and a $40.00 price objective on the stock.

BK Technologies Trading Up 9.0 %

Shares of BKTI opened at $31.58 on Friday. The firm has a market capitalization of $112.42 million, a price-to-earnings ratio of 23.05 and a beta of 1.22. BK Technologies has a fifty-two week low of $11.10 and a fifty-two week high of $38.70.

Insider Buying and Selling at BK Technologies

In other news, Director Charles T. Lanktree sold 992 shares of the 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 sale, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 9.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BK Technologies

Institutional investors have recently added to or reduced their stakes in the company. Bard Associates Inc. boosted its stake in BK Technologies by 0.6% during 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 during the last quarter. JPMorgan Chase & Co. raised its stake in shares of BK Technologies by 30.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,891 shares of the company’s stock valued at $202,000 after purchasing an additional 1,380 shares in the last quarter. Barclays PLC bought a new position in shares of BK Technologies during the fourth quarter worth about $60,000. IFP Advisors Inc acquired a new position in BK Technologies in the fourth quarter worth about $99,000. Finally, Mariner LLC increased its holdings in BK Technologies by 33.3% in the fourth quarter. Mariner LLC now owns 12,945 shares of the company’s stock valued at $444,000 after buying an additional 3,234 shares during the last quarter. Institutional investors and hedge funds own 55.05% of the company’s stock.

BK Technologies Company 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).