Hennion & Walsh Asset Management Inc. Makes New Investment in Byrna Technologies Inc. (NASDAQ:BYRN)

Hennion & Walsh Asset Management Inc. bought a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 21,375 shares of the company’s stock, valued at approximately $616,000.

Several other hedge funds have also recently bought and sold shares of BYRN. nVerses Capital LLC acquired a new stake in shares of Byrna Technologies in the third quarter valued at approximately $34,000. Quest Partners LLC acquired a new stake in shares of Byrna Technologies in the third quarter valued at approximately $46,000. MetLife Investment Management LLC raised its holdings in shares of Byrna Technologies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock valued at $183,000 after purchasing an additional 6,061 shares during the last quarter. Silverleafe Capital Partners LLC acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at approximately $353,000. Finally, Algert Global LLC acquired a new stake in shares of Byrna Technologies in the second quarter valued at approximately $131,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Byrna Technologies Trading Up 0.5 %

NASDAQ:BYRN opened at $29.40 on Tuesday. Byrna Technologies Inc. has a 1-year low of $5.81 and a 1-year high of $31.32. The firm has a fifty day simple moving average of $24.40 and a 200 day simple moving average of $17.15. The stock has a market capitalization of $669.14 million, a PE ratio of 326.70 and a beta of 1.67.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $17.75.

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.