North Star Investment Management Corp. acquired a new stake in Bk Technologies, Inc. (NYSEAMERICAN:BKTI – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $1,045,000. North Star Investment Management Corp. owned 0.37% of Bk Technologies at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in BKTI. AIGH Capital Management LLC boosted its position in Bk Technologies by 113.6% during the 4th quarter. AIGH Capital Management LLC now owns 211,453 shares of the company’s stock worth $15,772,000 after buying an additional 112,444 shares during the period. Geode Capital Management LLC raised its stake 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 valued at $2,984,000 after acquiring an additional 32,844 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Bk Technologies by 175.1% during the third quarter. Two Sigma Investments LP now owns 42,887 shares of the company’s stock valued at $3,623,000 after acquiring an additional 27,298 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Bk Technologies by 167.6% during the second quarter. American Century Companies Inc. now owns 34,166 shares of the company’s stock worth $1,610,000 after purchasing an additional 21,397 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Bk Technologies during the fourth quarter worth $1,582,000. Institutional investors own 55.05% of the company’s stock.
Bk Technologies Stock Up 3.3%
Shares of Bk Technologies stock opened at $84.99 on Tuesday. The stock has a market cap of $317.86 million, a price-to-earnings ratio of 23.81 and a beta of 0.61. Bk Technologies, Inc. has a twelve month low of $36.17 and a twelve month high of $104.55. The company’s fifty day moving average is $85.87 and its 200 day moving average is $82.76.
Insider Activity
In other news, CEO John M. Suzuki sold 2,777 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $82.56, for a total transaction of $229,269.12. Following the completion of the transaction, the chief executive officer directly owned 40,119 shares in the company, valued at $3,312,224.64. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.50% of the stock is owned by company insiders.
About Bk Technologies
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.
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