18,590 Shares in Byrna Technologies Inc. (NASDAQ:BYRN) Purchased by Alps Advisors Inc.

Alps Advisors Inc. acquired a new stake in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 18,590 shares of the company's stock, valued at approximately $313,000. Alps Advisors Inc. owned approximately 0.08% of Byrna Technologies at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Ameriprise Financial Inc. purchased a new position in shares of Byrna Technologies during the fourth quarter worth approximately $942,000. Nuveen Asset Management LLC boosted its holdings in shares of Byrna Technologies by 1,039.5% in the 4th quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company's stock valued at $7,670,000 after buying an additional 242,875 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Byrna Technologies in the 4th quarter valued at about $65,000. Raymond James Financial Inc. purchased a new stake in shares of Byrna Technologies during the fourth quarter worth about $2,741,000. Finally, Russell Investments Group Ltd. acquired a new position in Byrna Technologies during the fourth quarter valued at approximately $29,000. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Price Performance

Byrna Technologies stock traded down $0.29 during mid-day trading on Monday, reaching $21.45. The company had a trading volume of 698,109 shares, compared to its average volume of 551,445. Byrna Technologies Inc. has a 1 year low of $7.79 and a 1 year high of $34.78. The stock's 50-day simple moving average is $27.80 and its 200-day simple moving average is $25.32. The company has a market capitalization of $486.92 million, a P/E ratio of 34.60 and a beta of 2.02.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its earnings results on Thursday, July 10th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.07. The business had revenue of $28,505 billion for the quarter, compared to the consensus estimate of $28.47 million. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%. On average, equities analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BYRN has been the subject of several research reports. Roth Capital reissued a "buy" rating and issued a $37.00 price objective (up from $33.00) on shares of Byrna Technologies in a research report on Wednesday, July 9th. Craig Hallum assumed coverage on shares of Byrna Technologies in a report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 target price for the company. Wolfe Research raised Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. Finally, B. Riley reiterated a "buy" rating and set a $46.00 price target (up from $39.00) on shares of Byrna Technologies in a report on Friday, July 11th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $38.75.

Insider Buying and Selling

In other Byrna Technologies news, Director Emily Rooney purchased 2,500 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the acquisition, the director owned 37,564 shares of the company's stock, valued at approximately $770,062. This represents a 7.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.75% 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.