AIGH Capital Management LLC Sells 14,592 Shares of BK Technologies Co. (NYSEAMERICAN:BKTI)

AIGH Capital Management LLC trimmed its stake in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 268,180 shares of the company’s stock after selling 14,592 shares during the quarter. BK Technologies makes up approximately 2.9% of AIGH Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. AIGH Capital Management LLC owned about 0.08% of BK Technologies worth $9,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKTI. JPMorgan Chase & Co. lifted its holdings in BK Technologies by 30.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,891 shares of the company’s stock valued at $202,000 after buying an additional 1,380 shares during the period. IFP Advisors Inc bought a new position in shares of BK Technologies in the 4th quarter worth about $99,000. American Century Companies Inc. acquired a new position in shares of BK Technologies in the 4th quarter valued at about $306,000. Geode Capital Management LLC lifted its stake in shares of BK Technologies by 52.7% in 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 period. Finally, Ritholtz Wealth Management bought a new stake in shares of BK Technologies during the 4th quarter valued at about $488,000. 55.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital started coverage on BK Technologies in a report on Friday, February 14th. They issued a “buy” rating and a $40.00 target price for the company.

BK Technologies Price Performance

NYSEAMERICAN:BKTI opened at $36.00 on Friday. The firm has a market capitalization of $128.16 million, a PE ratio of 26.28 and a beta of 1.22. BK Technologies Co. has a twelve month low of $11.67 and a twelve month high of $38.70.

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).