Byrna Technologies Inc. (NASDAQ:BYRN) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC grew its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,379 shares of the company’s stock after acquiring an additional 665 shares during the quarter. Walleye Capital LLC owned about 0.23% of Byrna Technologies worth $889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC grew its holdings in shares of Byrna Technologies by 145.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock worth $760,000 after purchasing an additional 45,118 shares during the period. XTX Topco Ltd purchased a new position in shares of Byrna Technologies in the 2nd quarter valued at about $408,000. Bank of New York Mellon Corp raised its position in shares of Byrna Technologies by 68.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock worth $1,463,000 after acquiring an additional 59,738 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Byrna Technologies by 86.6% during the 3rd quarter. GSA Capital Partners LLP now owns 59,608 shares of the company’s stock worth $1,012,000 after acquiring an additional 27,662 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Byrna Technologies during the 2nd quarter worth about $786,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Laurilee Kearnes bought 2,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was acquired at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the purchase, the chief financial officer now owns 2,500 shares in the company, valued at $35,100. This represents a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bryan Ganz sold 5,495 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $17.41, for a total value of $95,667.95. Following the sale, the chief executive officer now owns 432,564 shares of the company’s stock, valued at approximately $7,530,939.24. This trade represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,474 shares of company stock worth $183,954 over the last three months. 11.08% of the stock is owned by insiders.

Byrna Technologies Stock Up 5.1 %

NASDAQ BYRN opened at $19.43 on Friday. Byrna Technologies Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $22.12. The stock has a market cap of $442.19 million, a price-to-earnings ratio of 205.44 and a beta of 1.80. The business has a fifty day moving average of $17.16 and a 200-day moving average of $13.42.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. As a group, analysts anticipate that Byrna Technologies Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on BYRN shares. 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. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Byrna Technologies presently has a consensus rating of “Buy” and a consensus price target of $17.75.

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.