Hamilton Wealth LLC Purchases New Shares in Byrna Technologies Inc. (NASDAQ:BYRN)

Hamilton Wealth LLC purchased a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,500 shares of the company’s stock, valued at approximately $146,000.

Several other institutional investors have also added to or reduced their stakes in BYRN. Raymond James & Associates boosted its stake in Byrna Technologies by 286.4% in the 4th quarter. Raymond James & Associates now owns 127,592 shares of the company’s stock valued at $815,000 after purchasing an additional 94,575 shares during the period. M&T Bank Corp lifted its position in shares of Byrna Technologies by 48.2% during the 4th quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock valued at $1,062,000 after acquiring an additional 54,028 shares during the period. Vanguard Group Inc. lifted its position in shares of Byrna Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after buying an additional 14,755 shares during the last quarter. Wealthspire Advisors LLC lifted its position in shares of Byrna Technologies by 1.8% during the 1st quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock worth $7,704,000 after buying an additional 10,000 shares during the last quarter. Finally, Spartan Fund Management Inc. bought a new stake in shares of Byrna Technologies during the 4th quarter worth $32,000. 25.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BYRN. B. Riley reaffirmed a “buy” rating and issued a $17.00 target price (up previously from $14.00) on shares of Byrna Technologies in a report on Monday, April 8th. LADENBURG THALM/SH SH upped their target price on Byrna Technologies from $12.75 to $16.25 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.63.

Byrna Technologies Trading Down 6.7 %

Shares of BYRN stock traded down $0.61 on Friday, hitting $8.49. The company had a trading volume of 214,651 shares, compared to its average volume of 286,141. The stock’s 50-day moving average is $10.34 and its two-hundred day moving average is $11.15. Byrna Technologies Inc. has a twelve month low of $2.19 and a twelve month high of $15.34.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The company had revenue of $20.27 million during the quarter, compared to analysts’ expectations of $20.29 million. On average, equities research analysts forecast that Byrna Technologies Inc. will post -0.02 earnings per share for the current year.

Insider Activity at Byrna Technologies

In related news, insider Lisa Wager sold 8,333 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $11.21, for a total transaction of $93,412.93. Following the sale, the insider now owns 257,887 shares in the company, valued at approximately $2,890,913.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Byrna Technologies news, insider Lisa Wager sold 8,333 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $11.21, for a total value of $93,412.93. Following the transaction, the insider now owns 257,887 shares in the company, valued at $2,890,913.27. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Herbert Hughes sold 8,836 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $11.16, for a total value of $98,609.76. Following the completion of the transaction, the chairman now owns 128,589 shares in the company, valued at approximately $1,435,053.24. The disclosure for this sale can be found here. Insiders have sold a total of 25,502 shares of company stock worth $292,019 in the last 90 days. Corporate insiders own 8.44% of the company’s stock.

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.