Pinnacle Associates Ltd. Acquires Shares of 87,431 Byrna Technologies Inc. $BYRN

Pinnacle Associates Ltd. bought a new position in Byrna Technologies Inc. (NASDAQ:BYRN) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 87,431 shares of the company’s stock, valued at approximately $1,937,000.

A number of other large investors have also made changes to their positions in the company. Royal Bank of Canada boosted its stake in Byrna Technologies by 21.3% in the 1st quarter. Royal Bank of Canada now owns 23,373 shares of the company’s stock worth $393,000 after purchasing an additional 4,108 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Byrna Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock worth $174,000 after purchasing an additional 468 shares in the last quarter. Millennium Management LLC raised its stake in 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 period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Byrna Technologies in the first quarter valued at $173,000. Finally, Strs Ohio purchased a new stake in shares of Byrna Technologies in the first quarter valued at $113,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BYRN. B. Riley Financial lowered their price target on Byrna Technologies from $46.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday. Zacks Research lowered Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $18.00 target price on shares of Byrna Technologies in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Byrna Technologies presently has an average rating of “Buy” and a consensus price target of $29.67.

Byrna Technologies Stock Down 4.2%

Byrna Technologies stock opened at $10.35 on Wednesday. Byrna Technologies Inc. has a 12 month low of $10.13 and a 12 month high of $34.30. The stock has a market cap of $234.63 million, a P/E ratio of 25.88 and a beta of 2.30. The company’s fifty day simple moving average is $14.45 and its 200-day simple moving average is $17.90.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $35.25 million during the quarter, compared to analyst estimates of $34.92 million. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%. On average, equities research analysts expect that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

About Byrna Technologies

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 CO?-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.