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

Driehaus Capital Management LLC acquired a new stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 322,954 shares of the company's stock, valued at approximately $9,304,000. Driehaus Capital Management LLC owned 1.43% of Byrna Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BYRN. Barclays PLC increased its holdings in Byrna Technologies by 321.5% in the 3rd quarter. Barclays PLC now owns 24,719 shares of the company's stock valued at $419,000 after acquiring an additional 18,855 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Byrna Technologies during the 4th quarter worth about $616,000. Raymond James Financial Inc. purchased a new position in shares of Byrna Technologies during the 4th quarter worth about $2,741,000. Russell Investments Group Ltd. purchased a new stake in Byrna Technologies in the 4th quarter valued at about $29,000. Finally, HighTower Advisors LLC purchased a new stake in Byrna Technologies in the 4th quarter valued at about $1,249,000. 25.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Byrna Technologies Stock Performance

Byrna Technologies stock traded up $1.11 during trading hours on Thursday, hitting $25.45. The company had a trading volume of 157,262 shares, compared to its average volume of 485,963. The company has a 50-day moving average price of $19.82 and a two-hundred day moving average price of $23.17. Byrna Technologies Inc. has a 1 year low of $7.79 and a 1 year high of $34.78. The firm has a market cap of $576.92 million, a P/E ratio of 46.97 and a beta of 2.18.

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

Insider Activity

In other Byrna Technologies news, insider Lisa Wager sold 12,500 shares of Byrna Technologies stock in a transaction 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 completion of the transaction, the insider now owns 212,055 shares of the company's stock, valued at approximately $6,230,175.90. The trade was a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emily Rooney acquired 2,500 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was 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 $770,062. This represents a 7.13% increase in their position. The disclosure for this purchase can be found here. Insiders own 11.08% of the company's stock.

Byrna Technologies Company 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.