Invesco Ltd. Grows Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Invesco Ltd. raised its holdings in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 72.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 697,655 shares of the company's stock after purchasing an additional 293,049 shares during the period. Invesco Ltd. owned 3.07% of Byrna Technologies worth $20,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Byrna Technologies during the 4th quarter valued at $2,741,000. State Street Corp raised its stake in shares of Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company's stock valued at $5,334,000 after purchasing an additional 84,723 shares during the period. Vanguard Group Inc. lifted its holdings in Byrna Technologies by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company's stock worth $28,861,000 after purchasing an additional 73,954 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Byrna Technologies by 248.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 90,632 shares of the company's stock worth $2,611,000 after purchasing an additional 64,593 shares during the period. Finally, McCollum Christoferson Group LLC increased its position in shares of Byrna Technologies by 116.7% during the fourth quarter. McCollum Christoferson Group LLC now owns 94,320 shares of the company's stock valued at $2,717,000 after buying an additional 50,800 shares during the period. Institutional investors own 25.46% of the company's stock.

Byrna Technologies Trading Up 3.0 %

Shares of Byrna Technologies stock traded up $0.67 during trading on Thursday, hitting $22.92. The stock had a trading volume of 155,193 shares, compared to its average volume of 478,227. The firm has a market cap of $519.50 million, a price-to-earnings ratio of 42.44 and a beta of 2.19. Byrna Technologies Inc. has a 12 month low of $7.79 and a 12 month high of $34.78. The business's 50-day moving average is $21.06 and its 200 day moving average is $22.41.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, beating 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 firm had revenue of $26.19 million for the quarter, compared to analysts' expectations of $23.26 million. As a group, equities analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Insider Activity at Byrna Technologies

In related news, insider Luan Pham sold 33,483 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the sale, the insider now directly owns 19,148 shares in the company, valued at $578,078.12. This represents a 63.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Emily Rooney purchased 2,500 shares of Byrna Technologies stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average price 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 in the company, valued at $770,062. The trade was a 7.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a "buy" rating and set a $33.00 price objective on shares of Byrna Technologies in a research note on Thursday, March 20th.

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.