Atria Wealth Solutions Inc. Has $2.23 Million Stake in Bk Technologies, Inc. (NYSEAMERICAN:BKTI)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Bk Technologies, Inc. by 28.7%, owning 56,955 shares worth approximately $2.23 million after selling 22,930 shares in Q1.
• Other institutional investors have shown increased interest in Bk Technologies, with Bank of America boosting its position by 3,882.6% and JPMorgan Chase & Co. increasing its stake by 30.6% in the previous quarter.
• Lake Street Capital raised Bk Technologies' target price from $51.00 to $55.00, maintaining a "buy" rating for the company's shares.

Atria Wealth Solutions Inc. lessened its stake in shares of Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Free Report) by 28.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,955 shares of the company's stock after selling 22,930 shares during the quarter. Atria Wealth Solutions Inc. owned about 1.60% of Bk Technologies worth $2,234,000 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 stake in Bk Technologies during the fourth quarter worth approximately $306,000. JPMorgan Chase & Co. boosted 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 worth $202,000 after purchasing an additional 1,380 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Bk Technologies in the 4th quarter worth approximately $215,000. Barclays PLC acquired a new position in Bk Technologies in the 4th quarter worth approximately $60,000. Finally, Mariner LLC boosted its stake in Bk Technologies by 33.3% in the 4th quarter. Mariner LLC now owns 12,945 shares of the company's stock worth $444,000 after purchasing an additional 3,234 shares during the period. Institutional investors and hedge funds own 55.05% of the company's stock.

Bk Technologies Price Performance

NYSEAMERICAN:BKTI traded up $1.19 on Wednesday, reaching $42.90. The stock had a trading volume of 29,786 shares, compared to its average volume of 45,110. The firm has a market cap of $157.42 million, a P/E ratio of 16.63 and a beta of 0.34. Bk Technologies, Inc. has a 1-year low of $16.01 and a 1-year high of $58.00. The stock's fifty day simple moving average is $43.85.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lifted their target price on shares of Bk Technologies from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th.

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).