Archon Capital Management LLC Invests $2.01 Million in Byrna Technologies Inc. (NASDAQ:BYRN)

Archon Capital Management LLC acquired a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 69,782 shares of the company's stock, valued at approximately $2,010,000. Byrna Technologies comprises approximately 2.0% of Archon Capital Management LLC's investment portfolio, making the stock its 19th biggest position. Archon Capital Management LLC owned 0.31% of Byrna Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BYRN. Barclays PLC increased its position in shares of Byrna Technologies by 321.5% during the third quarter. Barclays PLC now owns 24,719 shares of the company's stock valued at $419,000 after acquiring an additional 18,855 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Byrna Technologies by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company's stock valued at $865,000 after purchasing an additional 2,021 shares during the last quarter. State Street Corp raised its position in Byrna Technologies by 36.9% in the third quarter. State Street Corp now owns 314,315 shares of the company's stock valued at $5,334,000 after purchasing an additional 84,723 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Byrna Technologies during the fourth quarter worth $616,000. Finally, Raymond James Financial Inc. acquired a new position in Byrna Technologies during the fourth quarter worth $2,741,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Byrna Technologies news, insider Lisa Wager sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the transaction, the insider now owns 212,055 shares in the company, valued at $6,230,175.90. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Luan Pham sold 33,483 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares in the company, valued at $578,078.12. The trade was a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a "buy" rating and issued a $33.00 price objective on shares of Byrna Technologies in a report on Thursday, March 20th.

Byrna Technologies Stock Performance

Shares of BYRN traded down $0.12 during mid-day trading on Tuesday, hitting $20.31. 649,006 shares of the company's stock were exchanged, compared to its average volume of 472,370. The stock's 50-day moving average is $22.34 and its 200-day moving average is $22.28. Byrna Technologies Inc. has a fifty-two week low of $7.79 and a fifty-two week high of $34.78. The company has a market cap of $460.37 million, a price-to-earnings ratio of 37.61 and a beta of 2.19.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its earnings results on Thursday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The company had revenue of $26.19 million for the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. As a group, equities research analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS for the current year.

About Byrna Technologies

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.