Geode Capital Management LLC Acquires 10,431 Shares of BK Technologies Co. (NYSEAMERICAN:BKTI)

Geode Capital Management LLC raised its position in BK Technologies Co. (NYSEAMERICAN:BKTI) by 52.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 30,224 shares of the company’s stock after buying an additional 10,431 shares during the period. Geode Capital Management LLC’s holdings in BK Technologies were worth $658,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in BK Technologies by 19.4% in the second quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock valued at $692,000 after purchasing an additional 8,798 shares during the last quarter. Renaissance Technologies LLC raised its position in BK Technologies by 52.5% in the second quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock valued at $1,815,000 after purchasing an additional 48,838 shares during the last quarter. Finally, Bard Associates Inc. increased its stake in shares of BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock valued at $3,123,000 after buying an additional 871 shares during the period. 55.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Charles T. Lanktree sold 992 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $35.00, for a total transaction of $34,720.00. Following the completion of the sale, the director now owns 549 shares of the company’s stock, valued at $19,215. This trade represents a 64.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 9.48% of the company’s stock.

BK Technologies Stock Down 2.0 %

Shares of BKTI stock opened at $31.44 on Friday. The stock has a market capitalization of $111.93 million, a PE ratio of 22.95 and a beta of 1.24. BK Technologies Co. has a 1-year low of $11.06 and a 1-year high of $38.70.

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).