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:BKTIFree Report) 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.

Check Out Our Latest Stock Report on BK Technologies

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

(Free Report)

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).

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Institutional Ownership by Quarter for BK Technologies (NYSEAMERICAN:BKTI)

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