Malaga Cove Capital LLC Buys Shares of 8,200 Byrna Technologies Inc. (NASDAQ:BYRN)

Malaga Cove Capital LLC bought a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,200 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BYRN. Capital Research Global Investors purchased a new position in shares of Byrna Technologies during the 4th quarter worth about $47,203,000. Vanguard Group Inc. raised its holdings in Byrna Technologies by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company’s stock valued at $28,861,000 after buying an additional 73,954 shares during the period. Invesco Ltd. raised its holdings in Byrna Technologies by 72.4% in the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company’s stock valued at $20,099,000 after buying an additional 293,049 shares during the period. Geode Capital Management LLC raised its holdings in Byrna Technologies by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 396,616 shares of the company’s stock valued at $11,430,000 after buying an additional 5,184 shares during the period. Finally, Driehaus Capital Management LLC purchased a new position in Byrna Technologies in the fourth quarter valued at approximately $9,304,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Byrna Technologies news, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the sale, the insider now directly owns 212,055 shares in the company, valued at approximately $6,230,175.90. This trade represents a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Emily Rooney acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average price of $20.50 per share, for a total transaction of $51,250.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 11.08% of the stock is currently owned by company insiders.

Byrna Technologies Stock Down 1.3%

Shares of NASDAQ:BYRN opened at $24.34 on Thursday. Byrna Technologies Inc. has a 52-week low of $7.79 and a 52-week high of $34.78. The company has a market capitalization of $551.71 million, a price-to-earnings ratio of 45.07 and a beta of 2.18. The company has a 50 day moving average of $19.82 and a two-hundred day moving average of $23.17.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Thursday, April 10th. The company reported $0.07 earnings per share 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 business had revenue of $26.19 million during the quarter, compared to the consensus estimate of $23.26 million. On average, equities analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.