Quest Partners LLC Makes New $46,000 Investment in Byrna Technologies Inc. (NASDAQ:BYRN)

Quest Partners LLC acquired a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,682 shares of the company’s stock, valued at approximately $46,000.

Other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Byrna Technologies in the third quarter valued at $34,000. Algert Global LLC acquired a new stake in shares of Byrna Technologies during the 2nd quarter worth about $131,000. Dimensional Fund Advisors LP boosted its holdings in shares of Byrna Technologies by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after buying an additional 2,976 shares during the period. Rhumbline Advisers acquired a new position in Byrna Technologies in the 2nd quarter valued at about $205,000. Finally, XTX Topco Ltd bought a new position in Byrna Technologies in the 2nd quarter valued at about $408,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.40, for a total transaction of $268,606.80. Following the completion of the transaction, the chief executive officer now owns 460,617 shares of the company’s stock, valued at approximately $7,093,501.80. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa Wager sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $13.50, for a total transaction of $270,000.00. Following the completion of the transaction, the insider now directly owns 229,555 shares of the company’s stock, valued at approximately $3,098,992.50. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,416 shares of company stock worth $820,581. 11.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BYRN. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm restated a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $17.75.

Byrna Technologies Trading Up 1.5 %

NASDAQ BYRN opened at $19.33 on Friday. The company has a market cap of $439.95 million, a price-to-earnings ratio of 214.80 and a beta of 1.72. The company has a 50 day moving average of $17.06 and a 200-day moving average of $13.25. Byrna Technologies Inc. has a 1-year low of $5.11 and a 1-year high of $22.12.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.82 million. On average, equities research analysts forecast that Byrna Technologies Inc. will post 0.17 earnings per share for the current 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.