HighTower Advisors LLC Buys Shares of 43,337 Byrna Technologies Inc. (NASDAQ:BYRN)

HighTower Advisors LLC bought a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 43,337 shares of the company’s stock, valued at approximately $1,249,000.

Several other large investors have also modified their holdings of BYRN. Sound View Wealth Advisors Group LLC raised its position in Byrna Technologies by 0.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 106,735 shares of the company’s stock worth $3,075,000 after buying an additional 355 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Byrna Technologies during the fourth quarter worth about $2,741,000. Cornerstone Investment Partners LLC acquired a new position in shares of Byrna Technologies during the fourth quarter worth about $285,000. NCP Inc. purchased a new position in Byrna Technologies during the fourth quarter worth about $37,000. Finally, Bank of New York Mellon Corp lifted its position in Byrna Technologies by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 138,445 shares of the company’s stock valued at $3,989,000 after purchasing an additional 2,899 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN opened at $18.39 on Wednesday. Byrna Technologies Inc. has a one year low of $7.79 and a one year high of $34.78. The firm has a market capitalization of $416.48 million, a P/E ratio of 34.06 and a beta of 1.64. The company’s fifty day moving average is $26.44 and its two-hundred day moving average is $22.27.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Friday, February 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. On average, sell-side analysts forecast that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Byrna Technologies

In other news, insider Luan Pham sold 33,483 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the sale, the insider now directly owns 19,148 shares in the company, valued at $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Wager sold 12,500 shares of Byrna Technologies stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the transaction, the insider now owns 212,055 shares of the company’s stock, valued at $6,230,175.90. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.

Byrna Technologies Company 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.