Raymond James & Associates Increases Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Raymond James & Associates lifted its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 286.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,592 shares of the company’s stock after acquiring an additional 94,575 shares during the quarter. Raymond James & Associates’ holdings in Byrna Technologies were worth $815,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in Byrna Technologies by 55.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company’s stock valued at $127,000 after acquiring an additional 20,138 shares in the last quarter. Wealthspire Advisors LLC lifted its position in Byrna Technologies by 3.7% in the third quarter. Wealthspire Advisors LLC now owns 563,079 shares of the company’s stock valued at $1,261,000 after purchasing an additional 20,000 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Byrna Technologies by 33.3% during the third quarter. Federated Hermes Inc. now owns 160,000 shares of the company’s stock worth $358,000 after acquiring an additional 40,000 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Trading Down 3.3 %

Shares of NASDAQ BYRN opened at $12.41 on Tuesday. The stock has a market cap of $282.15 million, a price-to-earnings ratio of -44.32 and a beta of 1.69. The company’s 50-day moving average price is $12.72 and its 200 day moving average price is $8.16. Byrna Technologies Inc. has a 52 week low of $2.19 and a 52 week high of $15.34.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. Byrna Technologies had a negative net margin of 11.83% and a negative return on equity of 13.16%. The business had revenue of $15.64 million for the quarter, compared to analyst estimates of $15.59 million. As a group, research analysts expect that Byrna Technologies Inc. will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BYRN. LADENBURG THALM/SH SH increased their price target on shares of Byrna Technologies from $12.75 to $16.25 and gave the company a “buy” rating in a report on Tuesday, April 9th. TheStreet upgraded shares of Byrna Technologies from a “d+” rating to a “c-” rating in a research report on Thursday, March 7th. Finally, B. Riley restated a “buy” rating and issued a $17.00 price target (up previously from $14.00) on shares of Byrna Technologies in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Insiders Place Their Bets

In other news, insider Herbert Hughes sold 5,229 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total value of $62,904.87. Following the sale, the insider now directly owns 137,416 shares in the company, valued at $1,653,114.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.44% of the stock is currently owned by company insiders.

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.