IFP Advisors Inc Buys Shares of 2,898 BK Technologies Co. (NYSEAMERICAN:BKTI)

IFP Advisors Inc bought a new stake in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,898 shares of the company’s stock, valued at approximately $99,000. IFP Advisors Inc owned about 0.08% of BK Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKTI. Ritholtz Wealth Management purchased a new stake in shares of BK Technologies in the fourth quarter worth $488,000. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 4,504 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of BK Technologies by 52.7% in the third 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. Finally, Bard Associates Inc. increased its stake in shares of BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock worth $3,123,000 after purchasing an additional 871 shares in the last quarter. 55.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Lake Street Capital began coverage on shares of BK Technologies in a research note on Friday, February 14th. They issued a “buy” rating and a $40.00 price objective for the company.

BK Technologies Price Performance

BKTI opened at $29.06 on Wednesday. The firm has a market cap of $103.45 million, a P/E ratio of 21.21 and a beta of 1.22. BK Technologies Co. has a fifty-two week low of $11.15 and a fifty-two week high of $38.70.

BK Technologies 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).