Man Group plc Buys Shares of 61,744 Byrna Technologies Inc. (NASDAQ:BYRN)

Man Group plc acquired a new stake in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 61,744 shares of the company's stock, valued at approximately $1,779,000. Man Group plc owned approximately 0.27% of Byrna Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BYRN. Nuveen Asset Management LLC grew its holdings in shares of Byrna Technologies by 1,039.5% during the 4th 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 in the last quarter. Occudo Quantitative Strategies LP grew its holdings in shares of Byrna Technologies by 12.5% during the 4th quarter. Occudo Quantitative Strategies LP now owns 18,641 shares of the company's stock worth $537,000 after purchasing an additional 2,067 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Byrna Technologies during the 4th quarter worth $115,000. Deutsche Bank AG grew its holdings in shares of Byrna Technologies by 64.2% during the 4th quarter. Deutsche Bank AG now owns 15,932 shares of the company's stock worth $459,000 after purchasing an additional 6,228 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Byrna Technologies during the 4th quarter worth $9,304,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Byrna Technologies Price Performance

Shares of BYRN stock traded up $0.14 on Thursday, hitting $26.17. 69,130 shares of the company's stock were exchanged, compared to its average volume of 490,861. Byrna Technologies Inc. has a 12 month low of $7.79 and a 12 month high of $34.78. The stock has a market cap of $593.20 million, a P/E ratio of 48.47 and a beta of 2.18. The company has a 50 day moving average of $20.91 and a 200 day moving average of $23.81.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings data on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. The business had revenue of $26.19 million during the quarter, compared to the consensus estimate of $23.26 million. Sell-side analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Emily Rooney bought 2,500 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was purchased at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now owns 37,564 shares of the company's stock, valued at $770,062. This trade represents a 7.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 11.08% of the stock is owned by corporate insiders.

About Byrna Technologies

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.