Price T Rowe Associates Inc. MD Buys Shares of 7,036 Byrna Technologies Inc. (NASDAQ:BYRN)

Price T Rowe Associates Inc. MD bought a new stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,036 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Research Global Investors purchased a new position in shares of Byrna Technologies during the 4th quarter valued at $47,203,000. Invesco Ltd. grew its position in shares of Byrna Technologies by 72.4% during the 4th quarter. Invesco Ltd. now owns 697,655 shares of the company’s stock valued at $20,099,000 after purchasing an additional 293,049 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Byrna Technologies during the 4th quarter valued at $2,741,000. Vanguard Group Inc. grew its position in shares of Byrna Technologies by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company’s stock valued at $28,861,000 after purchasing an additional 73,954 shares in the last quarter. Finally, Archon Capital Management LLC purchased a new position in shares of Byrna Technologies during the 4th quarter valued at $2,010,000. Institutional investors own 25.46% of the company’s stock.

Insider Activity

In related news, Director Emily Rooney purchased 2,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 37,564 shares in the company, valued at approximately $770,062. This represents a 7.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lisa Wager sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the sale, the insider now owns 212,055 shares in the company, valued at approximately $6,230,175.90. This trade represents a 5.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

Byrna Technologies Stock Down 0.6%

NASDAQ BYRN opened at $25.37 on Friday. The company has a 50-day simple moving average of $20.05 and a two-hundred day simple moving average of $23.32. Byrna Technologies Inc. has a 12-month low of $7.79 and a 12-month high of $34.78. The firm has a market cap of $575.06 million, a price-to-earnings ratio of 46.98 and a beta of 2.18.

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

Analysts Set New Price Targets

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

Byrna Technologies Profile

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.