Silverleafe Capital Partners LLC Buys New Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Silverleafe Capital Partners LLC purchased a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,253 shares of the company’s stock, valued at approximately $353,000. Silverleafe Capital Partners LLC owned about 0.05% of Byrna Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BYRN. FMR LLC lifted its stake in shares of Byrna Technologies by 47.9% during the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after purchasing an additional 548,670 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Byrna Technologies by 145.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock worth $760,000 after buying an additional 45,118 shares during the last quarter. Barclays PLC lifted its holdings in shares of Byrna Technologies by 321.5% during the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after acquiring an additional 18,855 shares during the period. XTX Topco Ltd acquired a new stake in shares of Byrna Technologies in the second quarter worth approximately $408,000. Finally, Charles Schwab Investment Management Inc. increased its position in Byrna Technologies by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after purchasing an additional 2,021 shares during the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating and set a $20.00 price target on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $17.75.

Insiders Place Their Bets

In other Byrna Technologies news, CFO Laurilee Kearnes purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average price of $14.04 per share, with a total value of $28,080.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $35,100. This trade represents a 400.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.08% of the company’s stock.

Byrna Technologies Stock Performance

Shares of BYRN stock traded down $2.33 during trading on Monday, hitting $27.68. 595,417 shares of the company were exchanged, compared to its average volume of 469,976. The firm has a market capitalization of $629.94 million, a price-to-earnings ratio of 307.59 and a beta of 1.80. The business’s 50-day simple moving average is $21.75 and its 200 day simple moving average is $15.76. Byrna Technologies Inc. has a twelve month low of $5.36 and a twelve month high of $31.32.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. On average, equities analysts forecast that Byrna Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

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.