Bk Technologies, Inc. $BKTI Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its position in shares of Bk Technologies, Inc. (NYSEAMERICAN:BKTI) by 26.4% during the 1st quarter, HoldingsChannel reports. The fund owned 23,157 shares of the company’s stock after selling 8,324 shares during the period. Ritholtz Wealth Management’s holdings in Bk Technologies were worth $1,728,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BKTI. BNP Paribas Financial Markets purchased a new position in shares of Bk Technologies in the 2nd quarter valued at about $25,000. Quarry LP purchased a new position in Bk Technologies during the third quarter worth approximately $27,000. Bank of America Corp DE boosted its position in Bk Technologies by 3,882.6% during the fourth quarter. Bank of America Corp DE now owns 916 shares of the company’s stock worth $31,000 after purchasing an additional 893 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Bk Technologies in the second quarter valued at approximately $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in Bk Technologies in the fourth quarter valued at approximately $58,000. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bk Technologies news, CEO John M. Suzuki sold 2,777 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were 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 approximately $3,312,224.64. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.50% of the company’s stock.

Bk Technologies Price Performance

Bk Technologies stock opened at $82.30 on Friday. The stock has a market capitalization of $307.80 million, a PE ratio of 23.05 and a beta of 0.61. The business has a 50 day simple moving average of $86.10 and a 200-day simple moving average of $82.54. Bk Technologies, Inc. has a 12 month low of $36.17 and a 12 month high of $104.55.

Bk Technologies (NYSEAMERICAN:BKTI) last announced its earnings results on Thursday, May 14th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.11. Bk Technologies had a return on equity of 39.83% and a net margin of 16.03%.The firm had revenue of $21.29 million for the quarter, compared to analyst estimates of $21.30 million. Bk Technologies has set its FY 2026 guidance at 3.550-3.550 EPS.

Bk Technologies 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.