Barclays PLC Increases Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Barclays PLC lifted its holdings in Byrna Technologies Inc. (NASDAQ:BYRN) by 321.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,719 shares of the company’s stock after acquiring an additional 18,855 shares during the period. Barclays PLC’s holdings in Byrna Technologies were worth $419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Byrna Technologies by 36.9% in the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after purchasing an additional 84,723 shares during the last quarter. Centiva Capital LP purchased a new stake in Byrna Technologies during the 3rd quarter valued at $286,000. Verition Fund Management LLC lifted its position in Byrna Technologies by 113.9% in the third quarter. Verition Fund Management LLC now owns 34,018 shares of the company’s stock worth $577,000 after buying an additional 18,118 shares during the last quarter. Walleye Capital LLC boosted its stake in Byrna Technologies by 1.3% during the third quarter. Walleye Capital LLC now owns 52,379 shares of the company’s stock worth $889,000 after buying an additional 665 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Byrna Technologies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after buying an additional 6,061 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $30.01 on Friday. Byrna Technologies Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $31.32. The company has a market cap of $682.97 million, a price-to-earnings ratio of 333.48 and a beta of 1.80. The business’s 50 day moving average price is $21.75 and its 200-day moving average price is $15.69.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. The company had revenue of $20.85 million for the quarter, compared to the consensus estimate of $20.82 million. Sell-side analysts predict that Byrna Technologies Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CFO Laurilee Kearnes purchased 2,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the acquisition, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.08% of the stock is currently owned by insiders.

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.