AIGH Capital Management LLC Has $9.20 Million Stake in BK Technologies Co. (NYSEAMERICAN:BKTI)

AIGH Capital Management LLC reduced its holdings in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 268,180 shares of the company’s stock after selling 14,592 shares during the quarter. BK Technologies makes up about 2.9% of AIGH Capital Management LLC’s portfolio, making the stock its 14th biggest holding. AIGH Capital Management LLC owned 7.53% of BK Technologies worth $9,196,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in BK Technologies by 30.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,891 shares of the company’s stock valued at $202,000 after buying an additional 1,380 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of BK Technologies in the fourth quarter valued at approximately $306,000. IFP Advisors Inc bought a new position in shares of BK Technologies during the fourth quarter worth approximately $99,000. Ritholtz Wealth Management acquired a new stake in BK Technologies during the 4th quarter worth approximately $488,000. Finally, Geode Capital Management LLC boosted its stake in BK Technologies by 52.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock valued at $658,000 after purchasing an additional 10,431 shares during the period. 55.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BK Technologies Trading Up 12.5 %

Shares of BK Technologies stock opened at $36.00 on Friday. The company has a market capitalization of $128.16 million, a price-to-earnings ratio of 26.28 and a beta of 1.22. BK Technologies Co. has a fifty-two week low of $11.67 and a fifty-two week high of $38.70.

BK Technologies 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).