Hennion & Walsh Asset Management Inc. Takes Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Hennion & Walsh Asset Management Inc. bought a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,375 shares of the company’s stock, valued at approximately $616,000. Hennion & Walsh Asset Management Inc. owned about 0.09% of Byrna Technologies at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BYRN. Rhumbline Advisers bought a new position in shares of Byrna Technologies in the 2nd quarter valued at about $205,000. Dimensional Fund Advisors LP raised its position in shares of Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after acquiring an additional 2,976 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Byrna Technologies in the 2nd quarter valued at approximately $786,000. XTX Topco Ltd acquired a new stake in shares of Byrna Technologies in the 2nd quarter valued at approximately $408,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Byrna Technologies by 145.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock valued at $760,000 after acquiring an additional 45,118 shares during the period. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Shares of BYRN stock opened at $29.40 on Tuesday. The company has a market capitalization of $669.14 million, a P/E ratio of 326.70 and a beta of 1.67. The company’s 50 day moving average price is $24.40 and its two-hundred day moving average price is $17.15. Byrna Technologies Inc. has a 52 week low of $5.81 and a 52 week high of $31.32.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Byrna Technologies presently has a consensus rating of “Buy” and a consensus target price of $17.75.

Byrna Technologies 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.