Vanguard Group Inc. Purchases 73,954 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Vanguard Group Inc. lifted its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,001,759 shares of the company's stock after acquiring an additional 73,954 shares during the period. Vanguard Group Inc. owned approximately 4.40% of Byrna Technologies worth $28,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Byrna Technologies during the fourth quarter valued at approximately $30,000. NCP Inc. acquired a new stake in shares of Byrna Technologies in the 4th quarter valued at $37,000. SG Americas Securities LLC bought a new position in shares of Byrna Technologies in the 4th quarter valued at $134,000. New York State Common Retirement Fund raised its holdings in shares of Byrna Technologies by 2,200.0% during the 4th quarter. New York State Common Retirement Fund now owns 6,900 shares of the company's stock worth $199,000 after buying an additional 6,600 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Byrna Technologies during the 4th quarter worth $285,000. Institutional investors own 25.46% of the company's stock.

Byrna Technologies Price Performance

BYRN stock traded up $0.44 during trading on Friday, reaching $21.78. 538,653 shares of the company were exchanged, compared to its average volume of 477,635. The company has a market capitalization of $493.69 million, a price-to-earnings ratio of 40.33 and a beta of 2.19. The company has a 50-day moving average of $21.72 and a two-hundred day moving average of $22.38. Byrna Technologies Inc. has a twelve month low of $7.79 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. The company had revenue of $26.19 million during the quarter, compared to the consensus estimate of $23.26 million. On average, analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, insider Luan Pham sold 33,483 shares of the stock in a transaction 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 $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lisa Wager sold 12,500 shares of Byrna Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the transaction, the insider now directly owns 212,055 shares in the company, valued at $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.08% of the company's stock.

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.