Osaic Holdings Inc. Buys 67,406 Shares of Byrna Technologies Inc. $BYRN

Osaic Holdings Inc. lifted its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 188.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 103,191 shares of the company’s stock after buying an additional 67,406 shares during the quarter. Osaic Holdings Inc. owned about 0.45% of Byrna Technologies worth $3,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BYRN. Driehaus Capital Management LLC lifted its position in Byrna Technologies by 39.3% during the first quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company’s stock worth $7,575,000 after acquiring an additional 126,894 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Byrna Technologies by 27.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 436,322 shares of the company’s stock worth $13,474,000 after purchasing an additional 93,626 shares during the period. Geode Capital Management LLC lifted its holdings in Byrna Technologies by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 431,849 shares of the company’s stock worth $13,338,000 after purchasing an additional 29,666 shares during the last quarter. Invesco Ltd. bought a new stake in Byrna Technologies in the 2nd quarter valued at $13,079,000. Finally, Millennium Management LLC grew its holdings in Byrna Technologies by 247.9% in the 1st quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock valued at $5,501,000 after buying an additional 232,770 shares in the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Stock Up 0.3%

BYRN opened at $17.41 on Friday. The stock has a market capitalization of $395.62 million, a price-to-earnings ratio of 25.98 and a beta of 2.28. Byrna Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $34.78. The company has a 50-day simple moving average of $18.58 and a 200 day simple moving average of $22.09.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Thursday, October 9th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. Byrna Technologies had a net margin of 14.43% and a return on equity of 18.13%. The company had revenue of $28.18 million during the quarter, compared to analysts’ expectations of $28.00 million. During the same period in the previous year, the company earned $0.04 EPS. Sell-side analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BYRN shares. LADENBURG THALM/SH SH raised Byrna Technologies to a “strong-buy” rating in a report on Wednesday, October 1st. Roth Capital set a $40.00 price objective on shares of Byrna Technologies and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Zacks Research lowered shares of Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $39.50.

Byrna Technologies Profile

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.