29,498 Bk Technologies, Inc. $BKTI Shares Sold by Balentine LLC

Key Points

• Balentine LLC cut its BK Technologies stake by 33.1%, selling 29,498 shares in the third quarter; it ended the period with 59,750 shares, worth about $4.45 million.
• Other institutional investors increased their holdings, and hedge funds and institutions collectively owned 55.05% of the stock.
• BK Technologies beat quarterly estimates, reporting EPS of $1.01 versus $0.87 expected and revenue of $23.41 million versus $22.60 million expected. Shares opened at $66.94, below their 50- and 200-day moving averages.

Balentine LLC cut its stake in Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Free Report) by 33.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,750 shares of the company's stock after selling 29,498 shares during the quarter. Balentine LLC owned about 1.58% of Bk Technologies worth $4,451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BKTI. Dimensional Fund Advisors LP increased its position in shares of Bk Technologies by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 67,978 shares of the company's stock valued at $5,073,000 after buying an additional 6,696 shares during the period. Lazard Asset Management LLC raised its stake in Bk Technologies by 90.3% in the first quarter. Lazard Asset Management LLC now owns 40,372 shares of the company's stock worth $3,013,000 after buying an additional 19,157 shares in the last quarter. Sei Investments Co. lifted its holdings in Bk Technologies by 100.0% in the first quarter. Sei Investments Co. now owns 24,258 shares of the company's stock worth $1,810,000 after buying an additional 12,129 shares during the period. Aristides Capital LLC lifted its holdings in Bk Technologies by 433.4% in the first quarter. Aristides Capital LLC now owns 23,932 shares of the company's stock worth $1,786,000 after buying an additional 19,445 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in Bk Technologies by 5.0% in the third quarter. North Star Investment Management Corp. now owns 14,700 shares of the company's stock worth $1,095,000 after buying an additional 700 shares during the period. 55.05% of the stock is owned by hedge funds and other institutional investors.

Bk Technologies Stock Performance

Bk Technologies stock opened at $66.94 on Friday. The stock's 50 day simple moving average is $71.47 and its two-hundred day simple moving average is $79.96. The stock has a market cap of $252.36 million, a price-to-earnings ratio of 19.69 and a beta of 0.60. Bk Technologies, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $104.55.

Bk Technologies (NYSEAMERICAN:BKTI - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.14. Bk Technologies had a return on equity of 34.22% and a net margin of 15.00%. The firm had revenue of $23.41 million for the quarter, compared to the consensus estimate of $22.60 million. Bk Technologies has set its FY 2026 guidance at 3.550- EPS.

Bk Technologies Company Profile

BK Technologies Corporation develops, manufactures and sells wireless communications equipment for public safety, government and commercial users. Its offerings are designed for mission-critical voice communications in environments where reliable radio coverage and durable equipment are essential.

The company's product portfolio includes land mobile radio systems, portable and mobile radios, base stations, repeaters and related accessories. Its equipment supports both conventional and Project 25 (P25) digital communications and is marketed under the BK Technologies and BK Radio names.

BK Technologies serves federal, state and local public-safety agencies, including law enforcement, fire and emergency-response organizations.

Want to see what other hedge funds are holding BKTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.