Branko Avanic Sells 2,000 Shares of Bk Technologies (NYSEAMERICAN:BKTI) Stock

Bk Technologies, Inc. (NYSEAMERICAN:BKTI) insider Branko Avanic sold 2,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $68.41, for a total value of $136,820.00. Following the completion of the transaction, the insider directly owned 10,969 shares in the company, valued at approximately $750,389.29. This represents a 15.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Branko Avanic also recently made the following trade(s):

• On Friday, September 5th, Branko Avanic sold 2,031 shares of Bk Technologies stock. The shares were sold at an average price of $68.89, for a total value of $139,915.59.

Bk Technologies Stock Down 2.1%

Shares of NYSEAMERICAN:BKTI opened at $68.45 on Thursday. The business has a 50-day moving average of $52.03. The stock has a market cap of $255.32 million, a P/E ratio of 22.30 and a beta of 0.43. Bk Technologies, Inc. has a fifty-two week low of $19.19 and a fifty-two week high of $73.69.

Institutional Investors Weigh In On Bk Technologies

Several large investors have recently added to or reduced their stakes in BKTI. Uniplan Investment Counsel Inc. increased its holdings in Bk Technologies by 40.1% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 108,225 shares of the company’s stock worth $4,245,000 after acquiring an additional 30,998 shares during the last quarter. Geode Capital Management LLC boosted its position in Bk Technologies by 107.8% during the second quarter. Geode Capital Management LLC now owns 63,301 shares of the company’s stock worth $2,984,000 after purchasing an additional 32,844 shares during the period. Ritholtz Wealth Management increased its stake in shares of Bk Technologies by 51.7% in the second quarter. Ritholtz Wealth Management now owns 36,376 shares of the company’s stock worth $1,714,000 after purchasing an additional 12,403 shares in the last quarter. American Century Companies Inc. raised its position in shares of Bk Technologies by 167.6% in the second quarter. American Century Companies Inc. now owns 34,166 shares of the company’s stock valued at $1,610,000 after purchasing an additional 21,397 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Bk Technologies during the 2nd quarter valued at approximately $1,095,000. Hedge funds and other institutional investors own 55.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their target price on shares of Bk Technologies from $55.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Bk Technologies presently has an average rating of “Buy” and an average target price of $74.00.

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).