Raymond James Financial Inc. Acquires New Shares in Byrna Technologies Inc. (NASDAQ:BYRN)

Raymond James Financial Inc. bought a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 95,127 shares of the company's stock, valued at approximately $2,741,000. Raymond James Financial Inc. owned approximately 0.42% of Byrna Technologies at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BYRN. State Street Corp raised its stake in shares of Byrna Technologies by 36.9% during the third quarter. State Street Corp now owns 314,315 shares of the company's stock worth $5,334,000 after buying an additional 84,723 shares during the last quarter. Barclays PLC increased its stake in Byrna Technologies by 321.5% in the third quarter. Barclays PLC now owns 24,719 shares of the company's stock valued at $419,000 after purchasing an additional 18,855 shares in the last quarter. Silverleafe Capital Partners LLC acquired a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $353,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $616,000. Finally, SG Americas Securities LLC acquired a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $134,000. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Price Performance

NASDAQ BYRN traded up $0.18 during trading on Thursday, reaching $22.57. 306,801 shares of the company's stock were exchanged, compared to its average volume of 481,996. The business has a 50 day moving average price of $20.22 and a 200-day moving average price of $22.66. The stock has a market capitalization of $511.59 million, a P/E ratio of 41.80 and a beta of 2.19. Byrna Technologies Inc. has a fifty-two week low of $7.79 and a fifty-two week high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings results on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $23.26 million. On average, analysts forecast that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Insider Activity

In related news, insider Luan Pham sold 33,483 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the sale, the insider now directly owns 19,148 shares in the company, valued at approximately $578,078.12. The trade was a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lisa Wager sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total value of $367,250.00. Following the completion of the sale, the insider now owns 212,055 shares of the company's stock, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.