Balentine LLC Acquires New Position in Bk Technologies, Inc. $BKTI

Balentine LLC bought a new position in Bk Technologies, Inc. (NYSEAMERICAN:BKTI) in the third quarter, according to its most recent filing with the SEC. The firm bought 89,248 shares of the company’s stock, valued at approximately $7,540,000. Bk Technologies makes up 0.3% of Balentine LLC’s investment portfolio, making the stock its 22nd largest position.

Other large investors also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in Bk Technologies during the 3rd quarter valued at approximately $28,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Bk Technologies in the 2nd quarter valued at $25,000. BNP Paribas Financial Markets purchased a new position in Bk Technologies in the 2nd quarter worth $25,000. Raymond James Financial Inc. purchased a new position in Bk Technologies in the 2nd quarter worth $32,000. Finally, Bank of America Corp DE lifted its position in Bk Technologies by 3,882.6% during the 4th quarter. Bank of America Corp DE now owns 916 shares of the company’s stock worth $31,000 after acquiring an additional 893 shares during the period. Hedge funds and other institutional investors own 55.05% of the company’s stock.

Bk Technologies Trading Up 0.7%

Shares of NYSEAMERICAN BKTI opened at $82.53 on Tuesday. The company has a 50 day simple moving average of $78.60 and a two-hundred day simple moving average of $71.74. The stock has a market cap of $307.84 million, a price-to-earnings ratio of 24.93 and a beta of 0.49. Bk Technologies, Inc. has a 12 month low of $26.20 and a 12 month high of $89.23.

Bk Technologies Company Profile

BK Technologies Corporation is a designer and manufacturer of professional two-way radio communications equipment and systems. The company’s product portfolio includes portable radios, mobile radios, repeater and dispatch consoles, antennas and related accessories. BK Technologies serves a broad range of end markets that require reliable voice and data communications, including public safety agencies, government entities, utilities, transportation, oil and gas, mining and commercial applications.

BK Technologies offers both analog and digital radio platforms, supporting industry standards such as Project 25 (P25) for mission-critical communications.