Raymond James Financial Inc. Acquires New Shares in Byrna Technologies Inc. (NASDAQ:BYRN)

Raymond James Financial Inc. purchased a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 95,127 shares of the company's stock, valued at approximately $2,741,000. Raymond James Financial Inc. owned about 0.42% of Byrna Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Byrna Technologies in the fourth quarter valued at approximately $30,000. NCP Inc. bought a new position in shares of Byrna Technologies in the fourth quarter valued at about $37,000. Quest Partners LLC bought a new position in shares of Byrna Technologies in the third quarter valued at about $46,000. SG Americas Securities LLC acquired a new stake in shares of Byrna Technologies during the 4th quarter worth about $134,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Byrna Technologies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company's stock worth $183,000 after buying an additional 6,061 shares during the period. Institutional investors own 25.46% of the company's stock.

Analyst Upgrades and Downgrades

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

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Byrna Technologies Price Performance

NASDAQ BYRN traded up $0.44 on Wednesday, reaching $17.15. The stock had a trading volume of 307,850 shares, compared to its average volume of 453,766. The company has a market cap of $388.40 million, a P/E ratio of 31.76 and a beta of 1.64. The firm has a fifty day moving average of $24.97 and a two-hundred day moving average of $22.31. Byrna Technologies Inc. has a 1-year low of $7.79 and a 1-year high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. Research analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

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 shares were sold at an average price of $30.19, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 of the company's stock, valued at $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.08% of the company's stock.

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.