BK Technologies Co. (NYSEAMERICAN:BKTI) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. cut its stake in BK Technologies Co. (NYSEAMERICAN:BKTI) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,300 shares of the company’s stock after selling 1,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in BK Technologies were worth $353,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BKTI. American Century Companies Inc. bought a new position in BK Technologies during the fourth quarter valued at about $306,000. IFP Advisors Inc acquired a new stake in BK Technologies in the 4th quarter valued at about $99,000. Ritholtz Wealth Management bought a new position in shares of BK Technologies during the 4th quarter valued at about $488,000. JPMorgan Chase & Co. boosted its position in shares of BK Technologies by 64,342.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock valued at $98,000 after purchasing an additional 4,504 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of BK Technologies by 52.7% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 55.05% of the company’s stock.

BK Technologies Stock Performance

Shares of NYSEAMERICAN BKTI opened at $29.90 on Tuesday. BK Technologies Co. has a 52-week low of $11.67 and a 52-week high of $38.70. The firm has a market capitalization of $106.44 million, a P/E ratio of 21.82 and a beta of 1.22.

Analyst Upgrades and Downgrades

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

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).