BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Update

BK Technologies Co. (NYSEAMERICAN:BKTIGet Rating) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,700 shares, a drop of 80.5% from the April 15th total of 8,700 shares. Based on an average trading volume of 16,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

BK Technologies stock traded up $0.13 during mid-day trading on Wednesday, reaching $2.55. 37,272 shares of the company were exchanged, compared to its average volume of 24,173. BK Technologies has a 12 month low of $1.59 and a 12 month high of $4.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.07 and a quick ratio of 1.68. The firm has a market cap of $43.01 million, a PE ratio of -23.18 and a beta of 1.30.

BK Technologies (NYSEAMERICAN:BKTIGet Rating) last posted its quarterly earnings data on Thursday, March 17th. The company reported ($0.02) EPS for the quarter. BK Technologies had a negative return on equity of 13.47% and a negative net margin of 4.12%. The company had revenue of $12.84 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $0.12 dividend on an annualized basis and a yield of 4.71%. BK Technologies’s dividend payout ratio (DPR) is presently -109.09%.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of BK Technologies by 18.7% in the 4th quarter. BlackRock Inc. now owns 55,171 shares of the company’s stock valued at $133,000 after purchasing an additional 8,703 shares during the last quarter. Platform Technology Partners bought a new position in shares of BK Technologies in the 4th quarter valued at $64,000. Uniplan Investment Counsel Inc. increased its stake in shares of BK Technologies by 71.0% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 650,619 shares of the company’s stock valued at $1,838,000 after purchasing an additional 270,164 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BK Technologies by 20.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 224,362 shares of the company’s stock valued at $634,000 after purchasing an additional 37,390 shares during the last quarter. Finally, Perritt Capital Management Inc. bought a new position in shares of BK Technologies in the 3rd quarter valued at $154,000. Hedge funds and other institutional investors own 24.49% of the company’s stock.

BK Technologies Company Profile (Get Rating)

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), repeaters, base stations, and related components and subsystems.

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