Insider Selling: BK Technologies Co. (NYSEAMERICAN:BKTI) Director Sells 549 Shares of Stock

BK Technologies Co. (NYSEAMERICAN:BKTI) Director Charles T. Lanktree sold 549 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $36.31, for a total value of $19,934.19. Following the sale, the director now owns 18,554 shares of the company’s stock, valued at $673,695.74. This trade represents a 2.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

BK Technologies Trading Down 8.2 %

BKTI opened at $34.55 on Wednesday. BK Technologies Co. has a 1 year low of $11.06 and a 1 year high of $37.97. The firm has a market cap of $123.00 million, a price-to-earnings ratio of 25.22 and a beta of 1.24.

Institutional Investors Weigh In On BK Technologies

A number of institutional investors have recently added to or reduced their stakes in BKTI. Geode Capital Management LLC raised its stake in shares of BK Technologies by 52.7% during 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 during the period. Dimensional Fund Advisors LP grew its position in shares of BK Technologies by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock valued at $692,000 after acquiring an additional 8,798 shares during the period. Renaissance Technologies LLC raised its holdings in shares of BK Technologies by 52.5% in the 2nd quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock worth $1,815,000 after purchasing an additional 48,838 shares during the period. Finally, Bard Associates Inc. lifted its stake in BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock valued at $3,123,000 after purchasing an additional 871 shares during the last quarter. 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).