Nuveen LLC Invests $3.89 Million in Byrna Technologies Inc. $BYRN

Key Points

• Nuveen LLC acquired 231,022 shares of Byrna Technologies Inc., valued at approximately $3.89 million, representing 1.02% of the company's stock.
• Several analysts have given Byrna Technologies a consensus "Buy" rating with price targets ranging from $37.00 to $46.00.
• Byrna Technologies' stock has shown strong performance, recently reporting earnings per share of $0.10, exceeding estimates, and it has a current market capitalization of $460.36 million.

Nuveen LLC bought a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 231,022 shares of the company's stock, valued at approximately $3,890,000. Nuveen LLC owned about 1.02% of Byrna Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in BYRN. Driehaus Capital Management LLC bought a new stake in shares of Byrna Technologies during the fourth quarter worth $9,304,000. Nuveen Asset Management LLC grew its holdings in shares of Byrna Technologies by 1,039.5% during the fourth quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock worth $7,670,000 after purchasing an additional 242,875 shares during the last quarter. Man Group plc bought a new stake in shares of Byrna Technologies during the fourth quarter worth $1,779,000. Dimensional Fund Advisors LP grew its holdings in shares of Byrna Technologies by 120.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 83,801 shares of the company's stock worth $2,414,000 after purchasing an additional 45,730 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Byrna Technologies by 476.3% during the first quarter. XTX Topco Ltd now owns 47,154 shares of the company's stock worth $794,000 after purchasing an additional 38,972 shares during the last quarter. Institutional investors own 25.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BYRN. B. Riley restated a "buy" rating and set a $46.00 target price (up previously from $39.00) on shares of Byrna Technologies in a report on Friday, July 11th. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a report on Friday, June 6th. Roth Capital raised their price target on Byrna Technologies from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Craig Hallum assumed coverage on Byrna Technologies in a report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $38.75.

Byrna Technologies Stock Performance

BYRN traded up $0.40 during midday trading on Tuesday, reaching $20.80. 506,044 shares of the company were exchanged, compared to its average volume of 421,304. Byrna Technologies Inc. has a one year low of $10.66 and a one year high of $34.78. The stock has a market capitalization of $472.16 million, a P/E ratio of 33.55 and a beta of 2.02. The stock's 50-day simple moving average is $23.69 and its 200 day simple moving average is $23.53.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its earnings results on Thursday, July 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%.The firm had revenue of $28.51 million for the quarter, compared to analysts' expectations of $28.47 million. On average, research analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

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.