BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Down 51.7% in February

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 5,700 shares, a decrease of 51.7% from the January 31st total of 11,800 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 28,400 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital started coverage on shares of BK Technologies in a report on Friday, February 14th. They issued a “buy” rating and a $40.00 target price on the stock.

Insider Transactions at BK Technologies

In related news, Director Charles T. Lanktree sold 992 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total value of $34,720.00. Following the transaction, the director now directly owns 549 shares in the company, valued at $19,215. This represents a 64.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BKTI. Bard Associates Inc. grew its position 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 in the last quarter. Geode Capital Management LLC grew its position in shares of BK Technologies by 52.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock valued at $658,000 after acquiring an additional 10,431 shares during the period. JPMorgan Chase & Co. grew its position in shares of BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock valued at $98,000 after acquiring an additional 4,504 shares during the period. Ritholtz Wealth Management bought a new position in shares of BK Technologies in the 4th quarter valued at about $488,000. Finally, IFP Advisors Inc bought a new position in shares of BK Technologies in the 4th quarter valued at about $99,000. Institutional investors own 55.05% of the company’s stock.

BK Technologies Stock Up 1.0 %

Shares of BKTI stock traded up $0.31 during trading hours on Friday, hitting $30.50. 14,740 shares of the company were exchanged, compared to its average volume of 25,183. BK Technologies has a 52 week low of $11.15 and a 52 week high of $38.70. The company has a market capitalization of $108.58 million, a price-to-earnings ratio of 22.26 and a beta of 1.22.

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).