Wells Fargo & Company MN Increases Stock Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Wells Fargo & Company MN increased its holdings in Byrna Technologies Inc. (NASDAQ:BYRN) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,180 shares of the company’s stock after buying an additional 1,700 shares during the period. Wells Fargo & Company MN’s holdings in Byrna Technologies were worth $322,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its position 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. Silverleafe Capital Partners LLC purchased a new stake in Byrna Technologies in the 4th quarter valued at approximately $353,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Byrna Technologies during the 4th quarter valued at $616,000. SG Americas Securities LLC purchased a new position in Byrna Technologies during the fourth quarter worth $134,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Byrna Technologies by 2,200.0% in 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. 25.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Byrna Technologies Stock Performance

Shares of BYRN opened at $22.60 on Tuesday. Byrna Technologies Inc. has a 1 year low of $7.79 and a 1 year high of $34.78. The company’s 50 day simple moving average is $19.99 and its 200 day simple moving average is $22.92. The company has a market capitalization of $512.27 million, a price-to-earnings ratio of 41.85 and a beta of 2.18.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $26.19 million for the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. Equities analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Emily Rooney acquired 2,500 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average cost of $20.50 per share, with a total value of $51,250.00. Following the purchase, the director now directly owns 37,564 shares of the company’s stock, valued at approximately $770,062. This represents a 7.13 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Wager sold 12,500 shares of the 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 completion of the transaction, the insider now directly owns 212,055 shares in the company, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is owned by corporate 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.