Bk Technologies (NYSEAMERICAN:BKTI) Insider Sells $139,915.59 in Stock

Key Points

• Branko Avanic, an insider of Bk Technologies, sold 2,031 shares for a total of $139,915.59, reducing their ownership by 13.54% to 12,969 shares.
• Bk Technologies' stock price increased by 1.2% to $69.90, with a one-year low of $19.19 and a one-year high of $73.69.
• Analysts from Lake Street Capital have raised their price target for Bk Technologies from $55.00 to $74.00, maintaining a "buy" rating.

Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Get Free Report) insider Branko Avanic sold 2,031 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $68.89, for a total value of $139,915.59. Following the completion of the transaction, the insider directly owned 12,969 shares in the company, valued at $893,434.41. The trade was a 13.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 8th, Branko Avanic sold 2,000 shares of Bk Technologies stock. The shares were sold at an average price of $68.41, for a total value of $136,820.00.

Bk Technologies Stock Up 1.2%

Shares of BKTI stock traded up $0.83 during trading on Tuesday, reaching $69.90. The company had a trading volume of 54,839 shares, compared to its average volume of 50,878. The stock has a 50 day moving average price of $51.17. Bk Technologies, Inc. has a one year low of $19.19 and a one year high of $73.69. The firm has a market cap of $260.73 million, a P/E ratio of 22.77 and a beta of 0.42.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Bk Technologies by 23.8% in the 2nd quarter. Bank of America Corp DE now owns 1,323 shares of the company's stock worth $62,000 after buying an additional 254 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in Bk Technologies in the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets bought a new position in Bk Technologies in the 2nd quarter worth approximately $25,000. Raymond James Financial Inc. bought a new stake in shares of Bk Technologies during the second quarter valued at approximately $32,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Bk Technologies in the second quarter valued at $70,000. 55.05% of the stock is owned by institutional investors.

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).

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