Saturday, 18 May 2024
Trending

Investing

Bk Technologies director acquires over $225k in company shares By Investing.com

Terra Balcanica Announces Share Consolidation Effective Date By Investing.com


In a recent series of transactions, Joshua Horowitz, a director at BK Technologies Corp (NYSEAMERICAN:BKTI), acquired a significant number of shares in the company, signaling a strong vote of confidence in the firm’s prospects. Over three days, Horowitz purchased shares with the total value exceeding $225,000.

The series of acquisitions began on May 14, 2024, when Horowitz bought 2,893 shares at a weighted average price of approximately $13.23. The following day, an additional 5,572 shares were acquired at an average price of $13.45. The buying spree culminated on May 16, with 8,169 shares purchased at an average price of $13.77. The price paid for these shares varied, with the range for the different transactions stretching from $13.10 to $13.81 per share.

These transactions have increased Horowitz’s indirect ownership in BK Technologies Corp, through the Palm Global Small Cap Master Fund LP, to a total of 80,809 shares. It’s worth noting that Horowitz, through his roles with Palm Global and Palm Management (US) LLC, may be deemed to have beneficial ownership of the shares, although he disclaims such ownership except to the extent of his pecuniary interest.

Investors often look to insider buying as a positive indicator, as it can reflect an executive’s belief in the company’s future performance. With this substantial investment, stakeholders may interpret Horowitz’s actions as a positive sign for BK Technologies Corp’s outlook.

BK Technologies Corp, known for its communication equipment, has seen its share of market fluctuations, and moves like this can be seen as affirming the company’s value proposition to investors. As the company continues to navigate the competitive landscape of the radio and communications equipment industry, these insider transactions are sure to be of interest to current and potential investors alike.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.

InvestingPro Insights

Following the recent insider buying activity by Joshua Horowitz, a director at BK Technologies Corp (NYSEAMERICAN:BKTI), market participants may find additional context in the company’s financial metrics and stock performance. According to InvestingPro data, BK Technologies has experienced a noteworthy 17.25% return over the last three months, aligning with the positive sentiment demonstrated by Horowitz’s share purchases. The company’s revenue growth for the last twelve months as of Q1 2024 stands at 16.67%,…

Click Here to Read the Full Original Article at All News…