BK Technologies Co. (NYSEAMERICAN:BKTI) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its holdings in BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report) by 68.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,487 shares of the company's stock after purchasing an additional 7,528 shares during the period. Northern Trust Corp owned about 0.52% of BK Technologies worth $634,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BKTI. American Century Companies Inc. bought a new stake in BK Technologies during the fourth quarter valued at about $306,000. JPMorgan Chase & Co. lifted its position in shares of BK Technologies by 64,342.9% during the third quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company's stock valued at $98,000 after buying an additional 4,504 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of BK Technologies during the fourth quarter valued at about $863,000. EAM Investors LLC bought a new stake in shares of BK Technologies in the 4th quarter valued at about $891,000. Finally, IFP Advisors Inc purchased a new position in shares of BK Technologies in the 4th quarter worth approximately $99,000. Hedge funds and other institutional investors own 55.05% of the company's stock.

BK Technologies Trading Up 4.2%

Shares of BKTI stock traded up $1.82 during trading hours on Monday, hitting $44.69. 31,821 shares of the company's stock were exchanged, compared to its average volume of 33,580. The business's 50 day moving average price is $42.73. BK Technologies Co. has a fifty-two week low of $11.67 and a fifty-two week high of $48.43. The company has a market capitalization of $159.10 million, a price-to-earnings ratio of 32.62 and a beta of 1.22.

Analyst Ratings Changes

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

BK Technologies 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).