Insider Selling: BK Technologies Co. (NYSEAMERICAN:BKTI) Director Sells $19,934.19 in Stock

BK Technologies Co. (NYSEAMERICAN:BKTI) Director Charles T. Lanktree sold 549 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $36.31, for a total value of $19,934.19. Following the completion of the sale, the director now directly owns 18,554 shares in the company, valued at approximately $673,695.74. This represents a 2.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BK Technologies Stock Down 7.8 %

BKTI opened at $31.87 on Thursday. The stock has a market capitalization of $113.46 million, a PE ratio of 23.26 and a beta of 1.24. BK Technologies Co. has a 1 year low of $11.06 and a 1 year high of $37.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BKTI. Geode Capital Management LLC raised 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 during the last quarter. Dimensional Fund Advisors LP raised its position in 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 buying an additional 8,798 shares during the last quarter. Renaissance Technologies LLC lifted its stake in BK Technologies by 52.5% during the 2nd quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock valued at $1,815,000 after acquiring an additional 48,838 shares during the period. Finally, Bard Associates Inc. boosted 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 acquiring an additional 871 shares during the last quarter. 55.05% of the stock is owned by hedge funds and other institutional investors.

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).