O Shaughnessy Asset Management LLC Takes $863,000 Position in BK Technologies Co. (NYSEAMERICAN:BKTI)

O Shaughnessy Asset Management LLC acquired a new position in BK Technologies Co. (NYSEAMERICAN:BKTI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,157 shares of the company’s stock, valued at approximately $863,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted 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 worth $658,000 after purchasing an additional 10,431 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of BK Technologies by 64,342.9% in the third quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock worth $98,000 after buying an additional 4,504 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of BK Technologies during the fourth quarter worth $488,000. IFP Advisors Inc purchased a new stake in shares of BK Technologies during the fourth quarter valued at $99,000. Finally, American Century Companies Inc. acquired a new position in shares of BK Technologies in the 4th quarter valued at $306,000. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

BK Technologies Stock Performance

Shares of NYSEAMERICAN BKTI opened at $39.20 on Tuesday. BK Technologies Co. has a 52 week low of $11.67 and a 52 week high of $44.97. The company has a market capitalization of $139.55 million, a P/E ratio of 28.61 and a beta of 1.22.

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).