Renaissance Technologies LLC Has $4.01 Million Stock Position in BK Technologies Co. (NYSEAMERICAN:BKTI)

Renaissance Technologies LLC lessened its stake in BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,970 shares of the company's stock after selling 12,600 shares during the quarter. Renaissance Technologies LLC owned approximately 3.29% of BK Technologies worth $4,011,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of BK Technologies by 52.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company's stock valued at $658,000 after buying an additional 10,431 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in BK Technologies during the 4th quarter valued at $863,000. Ritholtz Wealth Management acquired a new stake in BK Technologies during the 4th quarter valued at $488,000. American Century Companies Inc. acquired a new stake in BK Technologies during the 4th quarter valued at $306,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in BK Technologies during the 4th quarter valued at $215,000. Institutional investors and hedge funds own 55.05% of the company's stock.

Wall Street Analyst Weigh In

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

BK Technologies Stock Up 0.7 %

NYSEAMERICAN BKTI traded up $0.32 during mid-day trading on Monday, reaching $43.94. 23,596 shares of the stock were exchanged, compared to its average volume of 35,661. BK Technologies Co. has a one year low of $11.67 and a one year high of $48.43. The company has a market capitalization of $156.43 million, a PE ratio of 32.07 and a beta of 1.22.

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).