Barclays PLC Buys 18,855 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Barclays PLC lifted its stake in Byrna Technologies Inc. (NASDAQ:BYRN) by 321.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,719 shares of the company’s stock after buying an additional 18,855 shares during the quarter. Barclays PLC owned about 0.11% of Byrna Technologies worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. nVerses Capital LLC purchased a new stake in Byrna Technologies in the 3rd quarter worth approximately $34,000. Quest Partners LLC bought a new position in shares of Byrna Technologies in the third quarter worth approximately $46,000. MetLife Investment Management LLC increased its stake in shares of Byrna Technologies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after purchasing an additional 6,061 shares in the last quarter. Algert Global LLC bought a new stake in shares of Byrna Technologies during the 2nd quarter valued at $131,000. Finally, Centiva Capital LP purchased a new position in shares of Byrna Technologies during the 3rd quarter valued at $286,000. Institutional investors own 25.46% of the company’s stock.

Insider Activity

In other news, CFO Laurilee Kearnes acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were acquired at an average cost of $14.04 per share, with a total value of $28,080.00. Following the acquisition, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $35,100. The trade was a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 11.08% of the company’s stock.

Wall Street Analyst Weigh In

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

Byrna Technologies Price Performance

BYRN stock opened at $30.01 on Friday. The company has a market capitalization of $682.97 million, a price-to-earnings ratio of 333.48 and a beta of 1.80. Byrna Technologies Inc. has a 1-year low of $5.36 and a 1-year high of $31.32. The business has a 50 day simple moving average of $21.75 and a two-hundred day simple moving average of $15.69.

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

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.