Bard Associates Inc. Lowers Stock Holdings in BK Technologies Co. (NYSEAMERICAN:BKTI)

Bard Associates Inc. cut its holdings in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,528 shares of the company’s stock after selling 1,920 shares during the quarter. BK Technologies comprises approximately 1.7% of Bard Associates Inc.’s portfolio, making the stock its 11th biggest holding. Bard Associates Inc. owned approximately 3.98% of BK Technologies worth $4,853,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc purchased a new stake in shares of BK Technologies during the 4th quarter valued at $99,000. JPMorgan Chase & Co. raised its holdings in shares of BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock worth $98,000 after purchasing an additional 4,504 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 10,431 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of BK Technologies during the 4th quarter worth about $488,000. 55.05% of the stock is owned by institutional investors and hedge funds.

BK Technologies Stock Down 8.1 %

Shares of BKTI stock opened at $28.03 on Tuesday. The firm has a market capitalization of $99.79 million, a PE ratio of 20.46 and a beta of 1.22. BK Technologies Co. has a twelve month low of $11.15 and a twelve month high of $38.70.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital initiated coverage on shares of BK Technologies in a research report on Friday, February 14th. They set a “buy” rating and a $40.00 price target for the company.

Insider Activity at BK Technologies

In other BK Technologies news, Director Charles T. Lanktree sold 992 shares of the firm’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 completion of the transaction, the director now directly owns 549 shares of the company’s stock, valued at $19,215. This trade represents a 64.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.48% of the stock is currently owned by company insiders.

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).