Balyasny Asset Management L.P. Purchases 18,234 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Balyasny Asset Management L.P. lifted its holdings in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 157.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BYRN. Quarry LP purchased a new stake in shares of Byrna Technologies in the 4th quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in Byrna Technologies during the 4th quarter valued at about $29,000. Global Retirement Partners LLC purchased a new stake in Byrna Technologies during the 4th quarter valued at about $30,000. NCP Inc. purchased a new stake in Byrna Technologies during the 4th quarter valued at about $37,000. Finally, BNP Paribas Financial Markets purchased a new stake in Byrna Technologies during the 4th quarter valued at about $65,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Price Performance

BYRN stock traded down $0.16 during trading on Friday, hitting $25.37. 230,498 shares of the stock traded hands, compared to its average volume of 489,759. Byrna Technologies Inc. has a 1 year low of $7.79 and a 1 year high of $34.78. The firm's 50 day moving average is $20.05 and its two-hundred day moving average is $23.37. The stock 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 - Get Free Report) last announced 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 company had revenue of $26.19 million for 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%. As a group, analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a "buy" rating and set a $33.00 price objective on shares of Byrna Technologies in a research report on Thursday, March 20th.

Insider Buying and Selling at Byrna Technologies

In related news, insider Lisa Wager sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total value of $367,250.00. Following the transaction, the insider now owns 212,055 shares of the company's stock, valued at approximately $6,230,175.90. This trade represents a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Emily Rooney acquired 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the acquisition, the director now owns 37,564 shares of the company's stock, valued at $770,062. The trade was a 7.13% increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.08% of the company's stock.

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.