Mariner LLC Purchases 3,234 Shares of BK Technologies Co. (NYSEAMERICAN:BKTI)

Mariner LLC grew its holdings in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 33.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,945 shares of the company’s stock after buying an additional 3,234 shares during the period. Mariner LLC’s holdings in BK Technologies were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKTI. Ritholtz Wealth Management purchased a new position in BK Technologies during the fourth quarter valued at $488,000. American Century Companies Inc. purchased a new position in shares of BK Technologies in the 4th quarter worth about $306,000. JPMorgan Chase & Co. boosted its stake in BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock worth $98,000 after purchasing an additional 4,504 shares in the last quarter. Geode Capital Management LLC grew its position in BK Technologies by 52.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock valued at $658,000 after purchasing an additional 10,431 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in BK Technologies during the 4th quarter valued at about $863,000. 55.05% of the stock is owned by hedge funds and other institutional investors.

BK Technologies Trading Up 7.5 %

BK Technologies stock opened at $47.27 on Friday. The company has a market cap of $168.28 million, a price-to-earnings ratio of 34.50 and a beta of 1.22. BK Technologies Co. has a 12 month low of $11.67 and a 12 month high of $48.43. The business has a fifty day simple moving average of $37.87.

Analyst Ratings Changes

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 report on Monday, April 21st.

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).