Trexquant Investment LP Boosts Stake in Byrna Technologies Inc. $BYRN

Key Points

• Trexquant Investment LP significantly increased its stake in Byrna Technologies by 182.6%, acquiring an additional 57,245 shares, bringing its total holdings to 88,587 shares valued at approximately $1.49 million.
• Analysts are optimistic about Byrna Technologies, with multiple firms issuing new price targets, including a high of $46.00 from B. Riley, and the stock currently holds an average rating of "Buy."
• Byrna Technologies reported earnings of $0.10 per share for the last quarter, exceeding analyst expectations, with revenues slightly above estimates at $28.51 million.

Trexquant Investment LP grew its stake in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 182.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,587 shares of the company's stock after buying an additional 57,245 shares during the period. Trexquant Investment LP owned 0.39% of Byrna Technologies worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Byrna Technologies by 5.0% during the first quarter. Rhumbline Advisers now owns 23,590 shares of the company's stock worth $397,000 after purchasing an additional 1,129 shares during the period. Silverleafe Capital Partners LLC boosted its holdings in Byrna Technologies by 9.8% in the first quarter. Silverleafe Capital Partners LLC now owns 13,453 shares of the company's stock worth $227,000 after acquiring an additional 1,200 shares in the last quarter. McCollum Christoferson Group LLC lifted its holdings in shares of Byrna Technologies by 1.7% in the first quarter. McCollum Christoferson Group LLC now owns 95,925 shares of the company's stock valued at $1,615,000 after purchasing an additional 1,605 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Byrna Technologies by 1,772.2% in the first quarter. AlphaQuest LLC now owns 1,816 shares of the company's stock valued at $31,000 after purchasing an additional 1,719 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Byrna Technologies in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 25.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BYRN. Roth Capital lifted their price target on Byrna Technologies from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. 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. Wolfe Research upgraded Byrna Technologies to a "strong-buy" rating in a report on Friday, June 6th. Finally, Craig Hallum began coverage on shares of Byrna Technologies in a report on Wednesday, July 16th. They issued a "buy" rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $38.75.

Byrna Technologies Trading Down 2.1%

Shares of NASDAQ BYRN traded down $0.43 during mid-day trading on Thursday, hitting $20.31. The company had a trading volume of 558,889 shares, compared to its average volume of 465,638. The company has a market capitalization of $461.04 million, a price-to-earnings ratio of 32.76 and a beta of 2.02. Byrna Technologies Inc. has a 1 year low of $13.10 and a 1 year high of $34.78. The stock's 50-day moving average price is $22.10 and its 200-day moving average price is $23.07.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $28.51 million during the quarter, compared to analysts' expectations of $28.47 million. Byrna Technologies had a return on equity of 16.96% and a net margin of 14.28%. As a group, equities research analysts forecast that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Byrna Technologies 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.