Osaic Holdings Inc. Has $3.19 Million Stock Position in Byrna Technologies Inc. $BYRN

Osaic Holdings Inc. increased its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 188.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,191 shares of the company’s stock after buying an additional 67,406 shares during the quarter. Osaic Holdings Inc.’s holdings in Byrna Technologies were worth $3,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. acquired a new position in Byrna Technologies during the second quarter worth about $13,079,000. Millennium Management LLC grew its holdings in shares of Byrna Technologies by 247.9% during the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after purchasing an additional 232,770 shares during the last quarter. Nuveen LLC acquired a new position in Byrna Technologies during the 1st quarter worth approximately $3,890,000. Driehaus Capital Management LLC lifted its stake in Byrna Technologies by 39.3% in the 1st quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company’s stock valued at $7,575,000 after purchasing an additional 126,894 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Byrna Technologies in the second quarter valued at approximately $3,452,000. Institutional investors own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BYRN shares. Roth Capital set a $40.00 price target on shares of Byrna Technologies and gave the stock a “buy” rating in a report on Friday, October 10th. Zacks Research cut Byrna Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, LADENBURG THALM/SH SH upgraded Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Byrna Technologies presently has an average rating of “Buy” and an average target price of $39.50.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN opened at $17.41 on Friday. Byrna Technologies Inc. has a 52 week low of $13.68 and a 52 week high of $34.78. The firm has a market cap of $395.62 million, a PE ratio of 25.98 and a beta of 2.28. The firm’s fifty day moving average is $18.58 and its 200-day moving average is $22.09.

Byrna Technologies (NASDAQ:BYRN) last posted 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. The business had revenue of $28.18 million during the quarter, compared to the consensus estimate of $28.00 million. Byrna Technologies had a return on equity of 18.13% and a net margin of 14.43%.During the same period in the prior year, the business posted $0.04 earnings per share. Sell-side analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Byrna Technologies Profile

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.