HighTower Advisors LLC Makes New $1.25 Million Investment in Byrna Technologies Inc. (NASDAQ:BYRN)

HighTower Advisors LLC acquired a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 43,337 shares of the company’s stock, valued at approximately $1,249,000. HighTower Advisors LLC owned approximately 0.19% of Byrna Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Byrna Technologies in the 4th quarter valued at about $30,000. NCP Inc. purchased a new position in shares of Byrna Technologies in the fourth quarter valued at approximately $37,000. Quest Partners LLC acquired a new position in shares of Byrna Technologies in the third quarter valued at approximately $46,000. SG Americas Securities LLC purchased a new stake in Byrna Technologies during the 4th quarter worth approximately $134,000. Finally, New York State Common Retirement Fund lifted its holdings in Byrna Technologies by 2,200.0% during the 4th quarter. New York State Common Retirement Fund now owns 6,900 shares of the company’s stock worth $199,000 after buying an additional 6,600 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Insider Activity

In related news, insider Luan Pham sold 33,483 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares in the company, valued at $578,078.12. This represents a 63.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Wager sold 12,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the sale, the insider now owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.08% of the company’s stock.

Byrna Technologies Stock Down 2.5 %

Shares of Byrna Technologies stock opened at $18.39 on Wednesday. Byrna Technologies Inc. has a 52-week low of $7.79 and a 52-week high of $34.78. The company has a market capitalization of $416.48 million, a P/E ratio of 34.06 and a beta of 1.64. The company has a 50 day moving average of $26.44 and a 200 day moving average of $22.27.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Friday, February 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. As a group, research analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and issued a $33.00 price target on shares of Byrna Technologies in a research note on Thursday, March 20th.

About Byrna Technologies

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.