Balyasny Asset Management L.P. Raises Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Balyasny Asset Management L.P. lifted its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 157.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,783 shares of the company’s stock after buying an additional 18,234 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.13% of Byrna Technologies worth $858,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Byrna Technologies in the fourth quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in Byrna Technologies during the fourth quarter worth approximately $29,000. Global Retirement Partners LLC purchased a new position in Byrna Technologies during the fourth quarter worth approximately $30,000. NCP Inc. purchased a new position in Byrna Technologies during the fourth quarter worth approximately $37,000. Finally, BNP Paribas Financial Markets purchased a new position in Byrna Technologies during the fourth quarter worth approximately $65,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Insider Buying and Selling at Byrna Technologies

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

Byrna Technologies Trading Down 1.3%

Shares of BYRN stock opened at $24.34 on Thursday. The company has a market capitalization of $551.71 million, a P/E ratio of 45.07 and a beta of 2.18. The business’s 50 day moving average is $19.82 and its two-hundred day moving average is $23.17. Byrna Technologies Inc. has a 12-month low of $7.79 and a 12-month high of $34.78.

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

Analysts Set New Price Targets

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

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.