1,638,421 Shares in Byrna Technologies Inc. (NASDAQ:BYRN) Acquired by Capital Research Global Investors

Capital Research Global Investors acquired a new stake in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,638,421 shares of the company's stock, valued at approximately $47,203,000. Capital Research Global Investors owned approximately 7.20% of Byrna Technologies at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BYRN. Invesco Ltd. grew its position in shares of Byrna Technologies by 72.4% during the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company's stock valued at $20,099,000 after purchasing an additional 293,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in Byrna Technologies during the fourth quarter valued at $2,741,000. State Street Corp grew its stake in shares of Byrna Technologies by 36.9% in the 3rd quarter. State Street Corp now owns 314,315 shares of the company's stock worth $5,334,000 after buying an additional 84,723 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Byrna Technologies by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company's stock worth $28,861,000 after buying an additional 73,954 shares during the last quarter. Finally, Archon Capital Management LLC purchased a new stake in shares of Byrna Technologies during the 4th quarter valued at about $2,010,000. 25.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a "buy" rating and set a $33.00 price objective on shares of Byrna Technologies in a research note on Thursday, March 20th.

Insider Transactions at Byrna Technologies

In other Byrna Technologies news, insider Luan Pham sold 33,483 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the sale, the insider now directly owns 19,148 shares in the company, valued at approximately $578,078.12. This trade represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Emily Rooney purchased 2,500 shares of the stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of $20.50 per share, with a total value of $51,250.00. Following the acquisition, the director now owns 37,564 shares of the company's stock, valued at approximately $770,062. This represents a 7.13 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.08% of the company's stock.

Byrna Technologies Stock Up 1.0 %

BYRN traded up $0.23 during trading on Friday, reaching $23.17. The company had a trading volume of 250,204 shares, compared to its average volume of 481,368. The business has a 50 day simple moving average of $20.67 and a 200-day simple moving average of $22.49. The stock has a market cap of $525.19 million, a P/E ratio of 42.91 and a beta of 2.19. Byrna Technologies Inc. has a 52 week low of $7.79 and a 52 week high of $34.78.

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