GatePass Capital LLC Makes New Investment in Byrna Technologies Inc. $BYRN

GatePass Capital LLC purchased a new stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 59,057 shares of the company’s stock, valued at approximately $1,309,000. GatePass Capital LLC owned about 0.26% of Byrna Technologies at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Byrna Technologies by 27.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 436,322 shares of the company’s stock valued at $13,474,000 after purchasing an additional 93,626 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Byrna Technologies by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 431,849 shares of the company’s stock valued at $13,338,000 after buying an additional 29,666 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at $13,079,000. Millennium Management LLC lifted its holdings in shares of Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock worth $5,501,000 after acquiring an additional 232,770 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new position in Byrna Technologies in the second quarter worth $3,452,000. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Price Performance

BYRN opened at $16.85 on Friday. The stock’s 50 day simple moving average is $17.63 and its 200 day simple moving average is $20.49. The firm has a market cap of $383.00 million, a price-to-earnings ratio of 25.15 and a beta of 2.30. Byrna Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $34.78.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BYRN shares. Roth Capital set a $40.00 price target on Byrna Technologies and gave the company a “buy” rating in a research report on Friday, October 10th. LADENBURG THALM/SH SH upgraded Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Zacks Research downgraded Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $39.50.

Byrna Technologies Company Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.