Byrna Technologies Inc. (NASDAQ:BYRN) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 157.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,783 shares of the company’s stock after purchasing an additional 18,234 shares during the period. Balyasny Asset Management L.P.’s holdings in Byrna Technologies were worth $858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BYRN. Barclays PLC increased its holdings in shares of Byrna Technologies by 321.5% in the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock valued at $419,000 after purchasing an additional 18,855 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Byrna Technologies during the fourth quarter worth $616,000. SG Americas Securities LLC acquired a new stake in Byrna Technologies during the fourth quarter worth $134,000. New York State Common Retirement Fund increased its stake in Byrna Technologies by 2,200.0% during the fourth quarter. New York State Common Retirement Fund now owns 6,900 shares of the company’s stock worth $199,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Byrna Technologies during the fourth quarter worth $30,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Insider Transactions at Byrna Technologies

In other news, Director Emily Rooney purchased 2,500 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now directly owns 37,564 shares in the company, valued at approximately $770,062. This represents a 7.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the transaction, the insider now owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This represents a 5.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and set a $33.00 target price on shares of Byrna Technologies in a research note on Thursday, March 20th.

Byrna Technologies Stock Down 1.3%

BYRN stock opened at $24.34 on Thursday. The business has a fifty day moving average of $19.82 and a two-hundred day moving average of $23.17. The stock has a market cap of $551.71 million, a price-to-earnings ratio of 45.07 and a beta of 2.18. Byrna Technologies Inc. has a 52-week low of $7.79 and a 52-week high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Thursday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $26.19 million during the quarter, compared to analysts’ expectations of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. As a group, sell-side analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS for the current year.

About Byrna Technologies

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.