BK Technologies (NYSEAMERICAN:BKTI) Coverage Initiated by Analysts at Lake Street Capital

Lake Street Capital started coverage on shares of BK Technologies (NYSEAMERICAN:BKTI) in a report published on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $40.00 price objective on the stock.

BK Technologies Trading Up 9.0 %

BKTI opened at $31.58 on Friday. BK Technologies has a fifty-two week low of $11.10 and a fifty-two week high of $38.70. The stock has a market cap of $112.42 million, a P/E ratio of 23.05 and a beta of 1.22.

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 that occurred on Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total value of $34,720.00. Following the sale, the director now owns 549 shares in the company, valued at approximately $19,215. This trade represents a 64.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.48% of the company’s stock.

Hedge Funds Weigh In On BK Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKTI. Barclays PLC bought a new position in shares of BK Technologies in the fourth quarter valued at approximately $60,000. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 4,504 shares in the last quarter. IFP Advisors Inc bought a new position in BK Technologies during the 4th quarter valued at $99,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BK Technologies in the 4th quarter worth $215,000. Finally, Walleye Capital LLC acquired a new stake in shares of BK Technologies in the fourth quarter valued at $218,000. 55.05% of the stock is owned by institutional investors.

BK Technologies Company Profile

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).