Arrowstreet Capital Limited Partnership Purchases 93,626 Shares of Byrna Technologies Inc. $BYRN

Arrowstreet Capital Limited Partnership raised its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 27.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,322 shares of the company’s stock after purchasing an additional 93,626 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Byrna Technologies were worth $13,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Byrna Technologies by 580.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock valued at $29,000 after purchasing an additional 801 shares during the last quarter. AlphaQuest LLC lifted 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 worth $31,000 after buying an additional 1,719 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Byrna Technologies in the first quarter worth approximately $32,000. PNC Financial Services Group Inc. grew its position in Byrna Technologies by 28.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,549 shares of the company’s stock valued at $110,000 after acquiring an additional 789 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Byrna Technologies during the first quarter worth approximately $113,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $18.99 on Tuesday. The stock’s 50-day moving average is $20.08 and its 200 day moving average is $22.81. The company has a market cap of $431.64 million, a PE ratio of 28.34 and a beta of 2.28. Byrna Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Thursday, October 9th. The company reported $0.09 earnings per share for the quarter, topping 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 firm had revenue of $28.18 million for the quarter, compared to analyst estimates of $28.00 million. During the same period last year, the company earned $0.04 EPS. Analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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 research note on Monday, October 13th. Roth Capital set a $40.00 price target on shares of Byrna Technologies and gave the stock a “buy” rating in a research note 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 analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $39.50.

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.