Goldman Sachs Group Inc. Invests $225,000 in Bk Technologies, Inc. $BKTI

Key Points

• Goldman Sachs Group Inc. has acquired a new position in Bk Technologies, purchasing 5,748 shares valued at approximately $225,000, representing about 0.16% of the company's stock.
• Several other institutional investors have also significantly increased their stakes in Bk Technologies, leading to a total of 55.05% of the stock being owned by institutional investors and hedge funds.
• Analysts maintain a positive outlook for Bk Technologies, with an average rating of "Buy" and a target price of $74.00.

Goldman Sachs Group Inc. purchased a new position in shares of Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,748 shares of the company's stock, valued at approximately $225,000. Goldman Sachs Group Inc. owned about 0.16% of Bk Technologies as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in 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 buying an additional 893 shares in the last quarter. American Century Companies Inc. increased its position in shares of Bk Technologies by 43.0% during the first quarter. American Century Companies Inc. now owns 12,769 shares of the company's stock worth $501,000 after purchasing an additional 3,839 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Bk Technologies during the first quarter worth approximately $367,000. Ritholtz Wealth Management raised its stake in Bk Technologies by 68.4% in the 1st quarter. Ritholtz Wealth Management now owns 23,973 shares of the company's stock valued at $940,000 after purchasing an additional 9,741 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its holdings in Bk Technologies by 40.1% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 108,225 shares of the company's stock valued at $4,245,000 after purchasing an additional 30,998 shares in the last quarter. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital reaffirmed a "buy" rating on shares of Bk Technologies in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Bk Technologies currently has an average rating of "Buy" and an average target price of $74.00.

Insider Buying and Selling

In other Bk Technologies news, insider Branko Avanic sold 2,031 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $68.89, for a total value of $139,915.59. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 12.50% of the stock is owned by company insiders.

Bk Technologies Stock Up 4.9%

NYSEAMERICAN BKTI opened at $80.38 on Monday. The business's fifty day simple moving average is $59.81 and its 200-day simple moving average is $48.80. The firm has a market cap of $299.82 million, a PE ratio of 26.18 and a beta of 0.42. Bk Technologies, Inc. has a 52 week low of $19.48 and a 52 week high of $80.91.

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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