Divisadero Street Capital Management LP Acquires Shares of 269,849 Byrna Technologies Inc. (NASDAQ:BYRN)

Divisadero Street Capital Management LP bought a new stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 269,849 shares of the company’s stock, valued at approximately $2,693,000. Divisadero Street Capital Management LP owned approximately 1.18% of Byrna Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BYRN. Dimensional Fund Advisors LP boosted its stake in Byrna Technologies by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after acquiring an additional 2,976 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Byrna Technologies by 1.8% during the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after purchasing an additional 10,000 shares during the last quarter. Hamilton Wealth LLC bought a new stake in shares of Byrna Technologies in the 1st quarter worth approximately $146,000. Vanguard Group Inc. boosted its position in shares of Byrna Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after purchasing an additional 14,755 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Byrna Technologies in the 2nd quarter worth approximately $205,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Byrna Technologies Stock Down 9.3 %

Shares of NASDAQ BYRN opened at $15.07 on Friday. The company has a 50 day moving average of $11.27 and a 200 day moving average of $11.86. Byrna Technologies Inc. has a twelve month low of $2.19 and a twelve month high of $17.25. The firm has a market cap of $343.29 million, a P/E ratio of -107.64 and a beta of 1.67.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The firm had revenue of $20.27 million during the quarter, compared to analysts’ expectations of $20.29 million. As a group, equities analysts expect that Byrna Technologies Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Roth Mkm began coverage on Byrna Technologies in a research note on Wednesday, August 28th. They set a “buy” rating and a $14.00 price objective for the company. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.75.

Insider Buying and Selling at Byrna Technologies

In other news, insider Lisa Wager sold 2,450 shares of Byrna Technologies stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $17.01, for a total value of $41,674.50. Following the completion of the sale, the insider now directly owns 224,555 shares in the company, valued at $3,819,680.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Byrna Technologies news, Chairman Herbert Hughes sold 6,500 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.08, for a total value of $98,020.00. Following the transaction, the chairman now owns 122,089 shares of the company’s stock, valued at $1,841,102.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lisa Wager sold 2,450 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $17.01, for a total value of $41,674.50. Following the sale, the insider now owns 224,555 shares of the company’s stock, valued at $3,819,680.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,442 shares of company stock worth $679,152. Company insiders own 8.44% 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.