Catalyst Funds Management Pty Ltd Cuts Stock Position in Byrna Technologies Inc. $BYRN

Catalyst Funds Management Pty Ltd decreased its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 44.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,868 shares of the company’s stock after selling 12,032 shares during the quarter. Catalyst Funds Management Pty Ltd owned about 0.07% of Byrna Technologies worth $459,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BYRN. Nisa Investment Advisors LLC increased its holdings in shares of Byrna Technologies by 580.4% during the second quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock valued at $29,000 after acquiring an additional 801 shares in the last quarter. AlphaQuest LLC grew its position in Byrna Technologies by 1,772.2% during the 1st quarter. AlphaQuest LLC now owns 1,816 shares of the company’s stock valued at $31,000 after purchasing an additional 1,719 shares during the last quarter. Summit Securities Group LLC bought a new stake in Byrna Technologies during the 1st quarter valued at about $32,000. PNC Financial Services Group Inc. raised its holdings in Byrna Technologies by 28.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,549 shares of the company’s stock worth $110,000 after buying an additional 789 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Byrna Technologies in the first quarter worth approximately $113,000. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $17.45 on Friday. Byrna Technologies Inc. has a one year low of $13.68 and a one year high of $34.78. The stock has a fifty day moving average of $20.68 and a 200 day moving average of $23.23. The stock has a market cap of $396.64 million, a PE ratio of 26.05 and a beta of 2.03.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Thursday, October 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Byrna Technologies had a return on equity of 18.13% and a net margin of 14.43%.The business had revenue of $28.18 million during the quarter, compared to the consensus estimate of $28.00 million. During the same period in the previous year, the company posted $0.04 EPS. As a group, sell-side analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BYRN shares. Roth Capital set a $40.00 price objective on shares of Byrna Technologies and gave the stock a “buy” rating in a report on Friday, October 10th. Zacks Research raised Byrna Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, LADENBURG THALM/SH SH raised Byrna Technologies to a “strong-buy” rating in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $39.50.

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.