89,248 Shares in Bk Technologies, Inc. $BKTI Acquired by Balentine LLC

Balentine LLC bought a new stake in shares of Bk Technologies, Inc. (NYSEAMERICAN:BKTI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 89,248 shares of the company’s stock, valued at approximately $7,540,000. Bk Technologies makes up about 0.3% of Balentine LLC’s portfolio, making the stock its 22nd biggest position. Balentine LLC owned approximately 2.39% of Bk Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Bk Technologies by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 180,099 shares of the company’s stock worth $15,215,000 after purchasing an additional 11,169 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Bk Technologies by 801.6% in the third quarter. JPMorgan Chase & Co. now owns 11,603 shares of the company’s stock worth $980,000 after purchasing an additional 10,316 shares in the last quarter. GK Wealth Management LLC bought a new position in Bk Technologies in the third quarter worth about $201,000. Rhumbline Advisers lifted its position in shares of Bk Technologies by 19.0% during the third quarter. Rhumbline Advisers now owns 3,856 shares of the company’s stock valued at $326,000 after buying an additional 615 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Bk Technologies in the 3rd quarter valued at about $257,000. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Bk Technologies Stock Up 0.7%

Shares of Bk Technologies stock opened at $82.53 on Tuesday. The company has a market cap of $307.84 million, a P/E ratio of 24.93 and a beta of 0.49. The firm’s 50 day moving average price is $78.60 and its 200-day moving average price is $71.74. Bk Technologies, Inc. has a 52-week low of $26.20 and a 52-week high of $89.23.

Bk Technologies Company 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.