Raymond James Financial Inc. Invests $2.74 Million in Byrna Technologies Inc. (NASDAQ:BYRN)

Raymond James Financial Inc. acquired a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 95,127 shares of the company’s stock, valued at approximately $2,741,000. Raymond James Financial Inc. owned approximately 0.42% of Byrna Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BYRN. Cornerstone Investment Partners LLC purchased a new position in Byrna Technologies in the 4th quarter valued at approximately $285,000. NCP Inc. purchased a new position in Byrna Technologies in the fourth quarter valued at $37,000. Bank of New York Mellon Corp grew its stake in Byrna Technologies by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 138,445 shares of the company’s stock worth $3,989,000 after purchasing an additional 2,899 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Byrna Technologies during the 4th quarter worth about $30,000. Finally, New York State Common Retirement Fund raised its position in Byrna Technologies by 2,200.0% in the 4th quarter. New York State Common Retirement Fund now owns 6,900 shares of the company’s stock valued at $199,000 after purchasing an additional 6,600 shares in the last quarter. 25.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Luan Pham sold 33,483 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 directly owns 19,148 shares of the company’s stock, valued at approximately $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa Wager sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the sale, the insider now directly owns 212,055 shares of the company’s stock, valued at $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Byrna Technologies Price Performance

Byrna Technologies stock opened at $17.05 on Friday. The stock has a market cap of $386.13 million, a PE ratio of 31.57 and a beta of 1.64. The stock’s fifty day moving average is $25.77 and its two-hundred day moving average is $22.22. Byrna Technologies Inc. has a 1-year low of $7.79 and a 1-year high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. On average, research analysts expect that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

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.