Ritholtz Wealth Management Purchases 9,741 Shares of BK TECHNOLOGIES, INC. (NYSEAMERICAN:BKTI)

Ritholtz Wealth Management lifted its position in BK TECHNOLOGIES, INC. (NYSEAMERICAN:BKTI - Free Report) by 68.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,973 shares of the company's stock after acquiring an additional 9,741 shares during the period. Ritholtz Wealth Management owned 0.67% of BK TECHNOLOGIES worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. EAM Investors LLC acquired a new position in shares of BK TECHNOLOGIES in the 4th quarter valued at $891,000. Marshall Wace LLP purchased a new stake in shares of BK TECHNOLOGIES in the 4th quarter valued at $890,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of BK TECHNOLOGIES in the 4th quarter valued at $863,000. Northern Trust Corp raised its holdings in shares of BK TECHNOLOGIES by 68.7% in the 4th quarter. Northern Trust Corp now owns 18,487 shares of the company's stock valued at $634,000 after buying an additional 7,528 shares during the period. Finally, Mariner LLC raised its holdings in shares of BK TECHNOLOGIES by 33.3% in the 4th quarter. Mariner LLC now owns 12,945 shares of the company's stock valued at $444,000 after buying an additional 3,234 shares during the period. 55.05% of the stock is owned by institutional investors and hedge funds.

BK TECHNOLOGIES Price Performance

BKTI stock traded up $4.69 on Thursday, reaching $51.65. The company's stock had a trading volume of 141,234 shares, compared to its average volume of 35,041. BK TECHNOLOGIES, INC. has a 52 week low of $11.67 and a 52 week high of $54.00. The company has a market capitalization of $189.56 million, a P/E ratio of 20.02 and a beta of 0.31. The business has a fifty day simple moving average of $44.27.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price objective on BK TECHNOLOGIES from $51.00 to $55.00 and gave the stock a "buy" rating in a research report 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).