Archon Capital Management LLC Acquires New Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Archon Capital Management LLC purchased a new position in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,782 shares of the company's stock, valued at approximately $2,010,000. Byrna Technologies makes up about 2.0% of Archon Capital Management LLC's holdings, making the stock its 19th largest position. Archon Capital Management LLC owned 0.31% of Byrna Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Byrna Technologies in the 4th quarter worth approximately $2,741,000. Invesco Ltd. increased its holdings in shares of Byrna Technologies by 72.4% in the 4th quarter. Invesco Ltd. now owns 697,655 shares of the company's stock worth $20,099,000 after purchasing an additional 293,049 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Byrna Technologies in the fourth quarter worth $29,000. Wells Fargo & Company MN boosted its position in shares of Byrna Technologies by 17.9% during the fourth quarter. Wells Fargo & Company MN now owns 11,180 shares of the company's stock valued at $322,000 after buying an additional 1,700 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Byrna Technologies by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 396,616 shares of the company's stock worth $11,430,000 after buying an additional 5,184 shares during the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN traded up $0.32 during trading on Thursday, hitting $21.66. The company's stock had a trading volume of 261,684 shares, compared to its average volume of 473,624. 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 $490.92 million, a price-to-earnings ratio of 40.31 and a beta of 2.19. The company has a 50-day moving average of $22.17 and a 200-day moving average of $22.27.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its quarterly earnings results on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. The business had revenue of $26.19 million for the quarter, compared to the consensus estimate of $23.26 million. As a group, research analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In other Byrna Technologies news, insider Luan Pham sold 33,483 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total value of $1,010,851.77. Following the transaction, the insider now owns 19,148 shares of the company's stock, valued at $578,078.12. This represents a 63.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lisa Wager sold 12,500 shares of Byrna Technologies stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the sale, the insider now owns 212,055 shares of the company's stock, valued at $6,230,175.90. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. 11.08% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a "buy" rating and issued a $33.00 price target on shares of Byrna Technologies in a research note 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.