Advisors Asset Management Inc. Has $884,000 Holdings in Byrna Technologies Inc. $BYRN

Key Points

• Advisors Asset Management Inc. increased its stake in Byrna Technologies by 67.7% in Q1, acquiring an additional 21,199 shares to own a total of 52,499 shares valued at $884,000.
• Byrna Technologies reported a quarterly earnings per share (EPS) of $0.10, outperforming the consensus estimate of $0.05, with anticipated EPS for the current year at $0.28.
• Several analysts have issued positive ratings on Byrna Technologies, with B. Riley setting a price target of $46.00, reflecting a strong bullish outlook for the stock.

Advisors Asset Management Inc. boosted its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 67.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,499 shares of the company's stock after purchasing an additional 21,199 shares during the period. Advisors Asset Management Inc. owned approximately 0.23% of Byrna Technologies worth $884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC raised its holdings in shares of Byrna Technologies by 1,772.2% during the first quarter. AlphaQuest LLC now owns 1,816 shares of the company's stock valued at $31,000 after acquiring an additional 1,719 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Byrna Technologies during the first quarter valued at approximately $32,000. BNP Paribas Financial Markets acquired a new position in Byrna Technologies in the 4th quarter valued at approximately $65,000. GAMMA Investing LLC increased its stake in Byrna Technologies by 3,377.2% in the 1st quarter. GAMMA Investing LLC now owns 4,277 shares of the company's stock valued at $72,000 after buying an additional 4,154 shares during the period. Finally, State of Wyoming acquired a new position in Byrna Technologies in the 4th quarter valued at approximately $180,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Craig Hallum assumed coverage on shares of Byrna Technologies in a research note on Wednesday, July 16th. They issued a "buy" rating and a $39.00 price objective on the stock. Roth Capital increased their price target on shares of Byrna Technologies from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. B. Riley restated a "buy" rating and set a $46.00 price target (up previously from $39.00) on shares of Byrna Technologies in a research note on Friday, July 11th. Finally, Wolfe Research upgraded shares of Byrna Technologies to a "strong-buy" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, Byrna Technologies has an average rating of "Buy" and an average target price of $38.75.

Byrna Technologies Stock Performance

Shares of BYRN stock traded down $0.34 during mid-day trading on Friday, reaching $19.97. The company's stock had a trading volume of 418,753 shares, compared to its average volume of 473,687. Byrna Technologies Inc. has a 1-year low of $13.10 and a 1-year high of $34.78. The company has a market cap of $453.32 million, a P/E ratio of 32.21 and a beta of 2.02. The firm's 50-day moving average is $21.84 and its two-hundred day moving average is $23.03.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced 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. The business had revenue of $28.51 million during the quarter, compared to analysts' expectations of $28.47 million. Byrna Technologies had a net margin of 14.28% and a return on equity of 16.96%. Sell-side analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS 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.