Hillsdale Investment Management Inc. Reduces Position in BK Technologies Co. (NYSEAMERICAN:BKTI)

Hillsdale Investment Management Inc. decreased its holdings in BK Technologies Co. (NYSEAMERICAN:BKTI) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,300 shares of the company’s stock after selling 1,000 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.29% of BK Technologies worth $353,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in BK Technologies by 64,342.9% during the 3rd 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. IFP Advisors Inc bought a new position in shares of BK Technologies during the fourth quarter worth about $99,000. American Century Companies Inc. acquired a new position in BK Technologies in the fourth quarter worth about $306,000. Ritholtz Wealth Management bought a new stake in BK Technologies in the fourth quarter valued at about $488,000. Finally, Geode Capital Management LLC raised its stake in BK Technologies by 52.7% during the third quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock valued at $658,000 after buying an additional 10,431 shares in the last quarter. Hedge funds and other institutional investors own 55.05% of the company’s stock.

BK Technologies Trading Down 6.2 %

BKTI opened at $29.90 on Tuesday. BK Technologies Co. has a fifty-two week low of $11.67 and a fifty-two week high of $38.70. The stock has a market cap of $106.44 million, a P/E ratio of 21.82 and a beta of 1.22.

Wall Street Analyst Weigh In

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

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).