Branko Avanic Sells 2,000 Shares of Bk Technologies (NYSEAMERICAN:BKTI) Stock

Bk Technologies, Inc. (NYSEAMERICAN:BKTI) insider Branko Avanic sold 2,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were 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 of the company’s stock, valued at approximately $750,389.29. This trade represents a 15.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Branko Avanic also recently made the following trade(s):

• On Friday, September 5th, Branko Avanic sold 2,031 shares of Bk Technologies stock. The shares were sold at an average price of $68.89, for a total value of $139,915.59.

Bk Technologies Stock Performance

NYSEAMERICAN BKTI opened at $69.90 on Wednesday. The stock has a market cap of $260.73 million, a PE ratio of 22.77 and a beta of 0.43. Bk Technologies, Inc. has a fifty-two week low of $19.19 and a fifty-two week high of $73.69. The business has a 50 day moving average of $51.63.

Institutional Investors Weigh In On Bk Technologies

Several large investors have recently modified their holdings of BKTI. Geode Capital Management LLC boosted its position in shares of Bk Technologies by 107.8% in the second quarter. Geode Capital Management LLC now owns 63,301 shares of the company’s stock worth $2,984,000 after buying an additional 32,844 shares during the period. Uniplan Investment Counsel Inc. boosted its position in Bk Technologies by 40.1% during the first quarter. Uniplan Investment Counsel Inc. now owns 108,225 shares of the company’s stock valued at $4,245,000 after purchasing an additional 30,998 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Bk Technologies during the second quarter valued at $1,095,000. American Century Companies Inc. lifted its position in shares of Bk Technologies by 167.6% in the second quarter. American Century Companies Inc. now owns 34,166 shares of the company’s stock worth $1,610,000 after buying an additional 21,397 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Bk Technologies in the second quarter worth about $938,000. 55.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

About Bk Technologies

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).