Quantbot Technologies LP Buys New Position in Byrna Technologies Inc. $BYRN

Quantbot Technologies LP purchased a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,778 shares of the company’s stock, valued at approximately $1,136,000. Quantbot Technologies LP owned about 0.16% of Byrna Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BYRN. Nisa Investment Advisors LLC grew its position in shares of Byrna Technologies by 580.4% during the second quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock worth $29,000 after acquiring an additional 801 shares during the last quarter. AlphaQuest LLC raised its position in Byrna Technologies by 1,772.2% in the 1st quarter. AlphaQuest LLC now owns 1,816 shares of the company’s stock valued at $31,000 after purchasing an additional 1,719 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Byrna Technologies during the 1st quarter worth $32,000. PNC Financial Services Group Inc. boosted its stake in Byrna Technologies by 28.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,549 shares of the company’s stock worth $110,000 after purchasing an additional 789 shares during the period. Finally, Strs Ohio purchased a new position in Byrna Technologies during the 1st quarter worth $113,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

BYRN has been the subject of a number of research reports. Zacks Research raised shares of Byrna Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Roth Capital set a $40.00 price target on Byrna Technologies and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, LADENBURG THALM/SH SH raised Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, Byrna Technologies currently has a consensus rating of “Buy” and an average target price of $39.50.

Byrna Technologies Stock Down 3.5%

Shares of NASDAQ:BYRN opened at $18.99 on Tuesday. The company has a market cap of $431.64 million, a price-to-earnings ratio of 28.34 and a beta of 2.28. Byrna Technologies Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $34.78. The firm’s 50-day simple moving average is $20.08 and its 200-day simple moving average is $22.81.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, October 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Byrna Technologies had a return on equity of 18.13% and a net margin of 14.43%.The company had revenue of $28.18 million for the quarter, compared to analyst estimates of $28.00 million. During the same quarter in the previous year, the company earned $0.04 EPS. On average, research analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current 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.