Uniplan Investment Counsel Inc. Acquires 30,998 Shares of Bk Technologies, Inc. $BKTI

Key Points

• Uniplan Investment Counsel Inc. increased its stake in Bk Technologies by 40.1%, now owning 3.04% of the company, equivalent to approximately $4.25 million.
• Multiple institutions, including Barclays PLC and Bank of America Corp DE, have also boosted their positions in Bk Technologies, with hedge funds holding 55.05% of the company’s stock.
• Analysts have raised their price target for Bk Technologies to $74.00, with a consensus rating of "Buy" for the stock.

Uniplan Investment Counsel Inc. boosted its holdings in shares of Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,225 shares of the company's stock after buying an additional 30,998 shares during the period. Uniplan Investment Counsel Inc. owned approximately 3.04% of Bk Technologies worth $4,245,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management raised its holdings in shares of Bk Technologies by 68.4% in the 1st quarter. Ritholtz Wealth Management now owns 23,973 shares of the company's stock worth $940,000 after acquiring an additional 9,741 shares during the last quarter. Northern Trust Corp increased its holdings in Bk Technologies by 68.7% during the 4th quarter. Northern Trust Corp now owns 18,487 shares of the company's stock worth $634,000 after purchasing an additional 7,528 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Bk Technologies by 43.0% in 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 during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Bk Technologies in the fourth quarter valued at approximately $314,000. Finally, Barclays PLC purchased a new position in shares of Bk Technologies during the fourth quarter valued at approximately $60,000. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their price target on Bk Technologies from $55.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $74.00.

Insider Activity

In other Bk Technologies news, insider Branko Avanic sold 2,000 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $68.41, for a total value of $136,820.00. Following the sale, the insider directly owned 10,969 shares in the company, valued at $750,389.29. The trade was a 15.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.50% of the stock is currently owned by insiders.

Bk Technologies Stock Up 1.2%

Shares of Bk Technologies stock traded up $0.83 on Friday, reaching $72.26. 38,241 shares of the company traded hands, compared to its average volume of 50,645. Bk Technologies, Inc. has a 52 week low of $19.38 and a 52 week high of $74.33. The business has a 50 day moving average of $52.46. The stock has a market cap of $269.51 million, a price-to-earnings ratio of 23.54 and a beta of 0.43.

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).