BK Technologies Co. (NYSEAMERICAN:BKTI) Holdings Cut by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,885 shares of the company’s stock after selling 6,700 shares during the period. Atria Wealth Solutions Inc.’s holdings in BK Technologies were worth $2,739,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BKTI. Ritholtz Wealth Management acquired a new position in BK Technologies in the fourth quarter worth approximately $488,000. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 4,504 shares in the last quarter. Geode Capital Management LLC increased 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 last quarter. Finally, Bard Associates Inc. raised its holdings in shares of BK Technologies by 0.6% during the 3rd 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. 55.05% of the stock is owned by institutional investors and hedge funds.

BK Technologies Trading Down 4.8 %

Shares of BKTI stock opened at $32.82 on Friday. BK Technologies Co. has a twelve month low of $11.10 and a twelve month high of $38.70. The company has a market capitalization of $116.84 million, a P/E ratio of 23.96 and a beta of 1.22.

Analysts Set New Price Targets

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

Insider Buying and Selling at BK Technologies

In other BK Technologies news, Director Charles T. Lanktree sold 992 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total transaction of $34,720.00. Following the completion of the transaction, the director now owns 549 shares of the company’s stock, valued at $19,215. The trade was a 64.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.48% of the company’s stock.

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).