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

Key Points

• Insider Branko Avanic sold 2,000 shares of Bk Technologies at an average price of $68.41, reducing his ownership by 15.42% and leaving him with approximately 10,969 shares valued at $750,389.29.
• The stock price of Bk Technologies recently traded up 1.2%, reaching $69.90, and the company has a market capitalization of $260.73 million.
• Analysts have a consensus rating of “Buy” for Bk Technologies, with a price target recently raised from $55.00 to $74.00 by Lake Street Capital.

Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Get Free Report) insider Branko Avanic sold 2,000 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $68.41, for a total transaction of $136,820.00. Following the completion of the sale, the insider directly owned 10,969 shares in the company, valued at approximately $750,389.29. The trade was a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $139,915.59.

Bk Technologies Trading Up 1.2%

NYSEAMERICAN:BKTI traded up $0.83 during mid-day trading on Tuesday, hitting $69.90. The company's stock had a trading volume of 54,839 shares, compared to its average volume of 50,878. Bk Technologies, Inc. has a 1 year low of $19.19 and a 1 year high of $73.69. The company has a market capitalization of $260.73 million, a PE ratio of 22.77 and a beta of 0.42. The business's fifty day moving average price is $51.17.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Bk Technologies in the second quarter worth about $25,000. BNP Paribas Financial Markets acquired a new position in shares of Bk Technologies during the 2nd quarter worth about $25,000. Bank of America Corp DE raised its position in shares of Bk Technologies by 3,882.6% during the 4th quarter. Bank of America Corp DE now owns 916 shares of the company's stock worth $31,000 after purchasing an additional 893 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bk Technologies during the 2nd quarter worth about $32,000. Finally, Lazard Asset Management LLC raised its position in shares of Bk Technologies by 2,988.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,544 shares of the company's stock worth $52,000 after purchasing an additional 1,494 shares during the last quarter. Institutional investors and hedge funds own 55.05% of the company's stock.

Analyst Ratings Changes

Separately, Lake Street Capital upped their price target on shares of Bk Technologies from $55.00 to $74.00 and gave the company a "buy" rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $74.00.

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).

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