Penn Capital Management Company LLC Invests $2.79 Million in Byrna Technologies Inc. $BYRN

Penn Capital Management Company LLC bought a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) in the fourth quarter, Holdings Channel reports. The fund bought 165,881 shares of the company’s stock, valued at approximately $2,785,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of Byrna Technologies by 228.0% during the third quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after buying an additional 467,932 shares in the last quarter. UBS Group AG lifted its holdings in shares of Byrna Technologies by 35.8% during the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock worth $8,741,000 after buying an additional 137,260 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Byrna Technologies by 401.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 438,292 shares of the company’s stock worth $7,359,000 after buying an additional 350,861 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Byrna Technologies during the second quarter worth $13,079,000. Finally, AIGH Capital Management LLC acquired a new stake in shares of Byrna Technologies during the fourth quarter worth $6,630,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BYRN shares. B. Riley Financial dropped their target price on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 10th. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price for the company. in a report on Friday, April 10th. Roth Mkm dropped their target price on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company in a report on Friday, April 10th. New Street Research set a $7.50 target price on Byrna Technologies in a report on Friday, April 10th. Finally, Wall Street Zen downgraded Byrna Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Byrna Technologies presently has an average rating of “Buy” and a consensus target price of $12.13.

Byrna Technologies Stock Up 4.2%

BYRN stock opened at $5.77 on Wednesday. The company has a market cap of $130.92 million, a PE ratio of 16.03 and a beta of 1.81. The business has a 50-day simple moving average of $6.99 and a 200 day simple moving average of $12.65. Byrna Technologies Inc. has a 52 week low of $4.84 and a 52 week high of $34.30.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Thursday, April 9th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $29.05 million during the quarter, compared to analyst estimates of $30.21 million. Byrna Technologies had a net margin of 7.30% and a return on equity of 14.14%. During the same period last year, the firm earned $0.07 EPS. On average, analysts anticipate that Byrna Technologies Inc. will post 0.03 EPS for the current fiscal year.

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 CO₂-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.