AIGH Capital Management LLC Purchases Shares of 99,009 Bk Technologies, Inc. $BKTI

AIGH Capital Management LLC acquired a new position in Bk Technologies, Inc. (NYSEAMERICAN:BKTI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 99,009 shares of the company’s stock, valued at approximately $8,364,000. Bk Technologies makes up 2.4% of AIGH Capital Management LLC’s portfolio, making the stock its 15th largest holding. AIGH Capital Management LLC owned approximately 2.65% of Bk Technologies as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Bk Technologies by 107.8% during the second quarter. Geode Capital Management LLC now owns 63,301 shares of the company’s stock worth $2,984,000 after acquiring an additional 32,844 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in Bk Technologies by 4.5% in the third quarter. Ritholtz Wealth Management now owns 38,003 shares of the company’s stock worth $3,210,000 after acquiring an additional 1,627 shares during the last quarter. American Century Companies Inc. boosted its position in Bk Technologies by 167.6% during the 2nd quarter. American Century Companies Inc. now owns 34,166 shares of the company’s stock valued at $1,610,000 after purchasing an additional 21,397 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of Bk Technologies during the second quarter valued at $1,095,000. Finally, Ameriprise Financial Inc. acquired a new position in Bk Technologies during the 2nd quarter valued at about $938,000. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Bk Technologies Stock Performance

NYSEAMERICAN:BKTI opened at $79.20 on Friday. The stock has a market cap of $295.42 million, a price-to-earnings ratio of 23.93 and a beta of 0.47. Bk Technologies, Inc. has a 1 year low of $26.20 and a 1 year high of $89.23. The business has a fifty day moving average of $74.03 and a 200-day moving average of $67.02.

Bk Technologies (NYSEAMERICAN:BKTI) last announced its earnings results on Thursday, November 6th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.96 by $0.31. The firm had revenue of $24.41 million for the quarter, compared to analysts’ expectations of $22.10 million. Bk Technologies had a return on equity of 40.39% and a net margin of 15.71%.Bk Technologies has set its FY 2025 guidance at 3.800-3.800 EPS.

Bk Technologies Profile

BK Technologies Corporation is a designer and manufacturer of professional two-way radio communications equipment and systems. The company’s product portfolio includes portable radios, mobile radios, repeater and dispatch consoles, antennas and related accessories. BK Technologies serves a broad range of end markets that require reliable voice and data communications, including public safety agencies, government entities, utilities, transportation, oil and gas, mining and commercial applications.

BK Technologies offers both analog and digital radio platforms, supporting industry standards such as Project 25 (P25) for mission-critical communications.