BK Technologies Co. (NYSEAMERICAN:BKTI) Director Buys $38850.00 in Stock - Defense World - Financial Daily News Site

BK Technologies Co. (NYSEAMERICAN:BKTI) Director Buys $38850.00 in Stock – Defense World


BK Technologies Co. (NYSEAMERICAN:BKTI – Get Rating) Director Robert Joseph Jackson acquired 15,000 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were purchased at an average cost of $2.59 per share, for a total transaction of $38,850.00. Following the completion of the transaction, the director now owns 645,915 shares in the company, valued at approximately $1,672,919.85. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

BK Technologies stock traded down $0.02 during trading hours on Thursday, hitting $2.51. 22,131 shares of the stock traded hands, compared to its average volume of 24,099. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 2.67. The stock has a market cap of $45.97 million, a price-to-earnings ratio of -8.25 and a beta of 1.30. BK Technologies Co. has a one year low of $1.59 and a one year high of $4.00.

BK Technologies (NYSEAMERICAN:BKTI – Get Rating) last posted its quarterly earnings data on Thursday, March 17th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $12.84 million for the quarter. BK Technologies had a negative net margin of 11.78% and a negative return on equity of 22.73%.

The business also recently declared a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Monday, May 2nd were given a $0.03 dividend. The ex-dividend date was Friday, April 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.78%. BK Technologies’s dividend payout ratio is currently -42.86%.

Several institutional investors and hedge funds have recently modified their holdings of BKTI. Worth Venture Partners LLC lifted its position in BK Technologies by 10.8% in the 1st quarter. Worth Venture Partners LLC now owns 345,434 shares of the company’s stock valued at $881,000 after acquiring an additional 33,750 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in BK Technologies in the 1st quarter valued at approximately $2,574,000. AIGH Capital Management LLC lifted its position in BK Technologies by 2.5% in the 1st quarter. AIGH Capital Management LLC now owns 1,373,750 shares of the company’s stock valued at $3,503,000 after acquiring an additional 33,750 shares in the last quarter. BlackRock Inc. lifted its position in BK Technologies by 18.7% in the 4th quarter. BlackRock Inc. now owns 55,171 shares of the company’s stock valued at $133,000 after acquiring an additional 8,703 shares in the last quarter. Finally, Platform Technology Partners bought a new position in BK Technologies in the 4th quarter valued at approximately $64,000. 24.49% of the stock is currently owned by hedge funds and other institutional investors.

About BK Technologies (Get Rating)

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), repeaters, base stations, and related components and subsystems.

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Tags: #Technologies #NYSEAMERICANBKTI #Director #Buys #Stock #Defense #World

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