JPMorgan Chase & Co. Boosts Holdings in BK Technologies Co. (NYSEAMERICAN:BKTI)

JPMorgan Chase & Co. lifted its stake in BK Technologies Co. (NYSEAMERICAN:BKTI) by 64,342.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,511 shares of the company’s stock after buying an additional 4,504 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of BK Technologies worth $98,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BKTI. Geode Capital Management LLC grew its position in 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 last quarter. Dimensional Fund Advisors LP lifted its stake in shares of BK Technologies by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock worth $692,000 after acquiring an additional 8,798 shares during the period. Finally, Bard Associates Inc. lifted its stake in shares of BK Technologies by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock worth $3,123,000 after acquiring an additional 871 shares during the period. 55.05% of the stock is owned by hedge funds and other institutional investors.

BK Technologies Stock Down 0.1 %

BKTI stock opened at $33.46 on Monday. BK Technologies Co. has a one year low of $11.06 and a one year high of $38.70. The firm has a market capitalization of $119.12 million, a PE ratio of 24.42 and a beta of 1.23.

Insider Transactions at BK Technologies

In other BK Technologies news, Director Charles T. Lanktree sold 992 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $19,215. This 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 is accessible through the SEC website. Company insiders own 9.48% of the company’s stock.

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).