Marshall Wace LLP Takes Position in BK Technologies Co. (NYSEAMERICAN:BKTI)

Marshall Wace LLP bought a new position in shares of BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,966 shares of the company's stock, valued at approximately $890,000. Marshall Wace LLP owned about 0.73% of BK Technologies at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Barclays PLC bought a new stake in BK Technologies during the fourth quarter worth $60,000. IFP Advisors Inc acquired a new position in shares of BK Technologies during the 4th quarter valued at $99,000. JPMorgan Chase & Co. raised its stake in BK Technologies by 64,342.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company's stock worth $98,000 after buying an additional 4,504 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in BK Technologies during the 4th quarter valued at $215,000. Finally, Walleye Capital LLC bought a new stake in BK Technologies during the 4th quarter worth approximately $218,000. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their price target on shares of BK Technologies from $40.00 to $51.00 and gave the company a "buy" rating in a research report on Monday, April 21st.

BK Technologies Price Performance

BKTI stock traded down $0.50 during trading on Tuesday, hitting $45.17. 2,288 shares of the company traded hands, compared to its average volume of 32,522. The firm has a market capitalization of $160.81 million, a price-to-earnings ratio of 32.97 and a beta of 1.22. The stock has a 50-day moving average of $38.04. BK Technologies Co. has a 1 year low of $11.67 and a 1 year high of $48.43.

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).