Maverick Capital Ltd. Invests $3.45 Million in Byrna Technologies Inc. $BYRN

Maverick Capital Ltd. acquired a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 111,794 shares of the company’s stock, valued at approximately $3,452,000. Maverick Capital Ltd. owned about 0.49% of Byrna Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BYRN. Nisa Investment Advisors LLC lifted its holdings in Byrna Technologies by 580.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock worth $29,000 after buying an additional 801 shares during the last quarter. AlphaQuest LLC raised its position in shares of Byrna Technologies by 1,772.2% during the 1st quarter. AlphaQuest LLC now owns 1,816 shares of the company’s stock valued at $31,000 after acquiring an additional 1,719 shares in the last quarter. Summit Securities Group LLC bought a new position in Byrna Technologies during the first quarter worth $32,000. PNC Financial Services Group Inc. lifted its stake in Byrna Technologies by 28.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,549 shares of the company’s stock worth $110,000 after purchasing an additional 789 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Byrna Technologies in the second quarter worth $181,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $19.11 on Friday. Byrna Technologies Inc. has a one year low of $13.68 and a one year high of $34.78. The company has a 50-day simple moving average of $19.88 and a 200-day simple moving average of $22.72. The firm has a market capitalization of $434.37 million, a P/E ratio of 28.52 and a beta of 2.28.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Thursday, October 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. The firm had revenue of $28.18 million for the quarter, compared to the consensus estimate of $28.00 million. Byrna Technologies had a net margin of 14.43% and a return on equity of 18.13%. During the same period last year, the firm posted $0.04 EPS. As a group, sell-side analysts forecast that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

BYRN has been the topic of a number of research reports. Zacks Research cut shares of Byrna Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday. LADENBURG THALM/SH SH upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Roth Capital set a $40.00 target price on shares of Byrna Technologies and gave the stock a “buy” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $39.50.

Byrna Technologies Company 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.