Insider Buying: BK Technologies Co. (NYSEAMERICAN:BKTI) Director Acquires 3,330 Shares of Stock

BK Technologies Co. (NYSEAMERICAN:BKTI) Director Joshua Horowitz purchased 3,330 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average price of $19.86 per share, for a total transaction of $66,133.80. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at $1,787,400. The transaction was disclosed in a filing with the SEC, which is available at this link.

Joshua Horowitz also recently made the following trade(s):

• On Thursday, August 15th, Joshua Horowitz purchased 1,704 shares of BK Technologies stock. The stock was purchased at an average price of $16.82 per share, for a total transaction of $28,661.28.

BK Technologies Price Performance

Shares of BKTI stock traded up $1.98 on Monday, reaching $19.65. The stock had a trading volume of 153,957 shares, compared to its average volume of 23,656. The company has a market cap of $69.36 million, a P/E ratio of -218.31 and a beta of 1.17. BK Technologies Co. has a 1 year low of $10.46 and a 1 year high of $19.99.

BK Technologies (NYSEAMERICAN:BKTI) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $20.25 million for the quarter. BK Technologies had a positive return on equity of 0.58% and a negative net margin of 0.38%.

Hedge Funds Weigh In On BK Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in BK Technologies by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock valued at $692,000 after purchasing an additional 8,798 shares in the last quarter. Bard Associates Inc. lifted its position in BK Technologies by 9.0% during the fourth quarter. Bard Associates Inc. now owns 138,617 shares of the company’s stock valued at $1,695,000 after purchasing an additional 11,485 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in BK Technologies by 52.5% during the second quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock valued at $1,815,000 after purchasing an additional 48,838 shares in the last quarter. 55.05% of the stock is currently 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).