BK Technologies (NYSEAMERICAN:BKTI) Trading 1% Higher – Time to Buy?

BK Technologies Co. (NYSEAMERICAN:BKTI) shares rose 1% during mid-day trading on Monday . The company traded as high as $36.34 and last traded at $33.60. Approximately 15,019 shares changed hands during trading, a decline of 32% from the average daily volume of 21,973 shares. The stock had previously closed at $33.28.

BK Technologies Price Performance

The firm has a market capitalization of $119.62 million, a PE ratio of 24.53 and a beta of 1.24.

Insider Activity at BK Technologies

In other news, Director Charles T. Lanktree sold 992 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total transaction of $34,720.00. Following the transaction, the director now directly owns 549 shares of the company’s stock, valued at $19,215. This represents a 64.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.48% of the stock is owned by insiders.

Hedge Funds Weigh In On BK Technologies

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in BK Technologies by 64,342.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock valued at $98,000 after acquiring an additional 4,504 shares in the last quarter. Geode Capital Management LLC lifted its stake in BK Technologies by 52.7% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in BK Technologies by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock valued at $692,000 after buying an additional 8,798 shares in the last quarter. Renaissance Technologies LLC increased its position in 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 buying an additional 48,838 shares in the last quarter. Finally, Bard Associates Inc. raised its holdings in shares of BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock worth $3,123,000 after acquiring an additional 871 shares during the last quarter. 55.05% of the stock is owned by hedge funds and other institutional investors.

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).