Militia Capital Partners LP Acquires New Position in Byrna Technologies Inc. $BYRN

Militia Capital Partners LP bought a new position in Byrna Technologies Inc. (NASDAQ:BYRN) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 94,000 shares of the company’s stock, valued at approximately $2,083,000. Byrna Technologies makes up about 1.0% of Militia Capital Partners LP’s portfolio, making the stock its 20th biggest holding. Militia Capital Partners LP owned about 0.41% of Byrna Technologies at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Byrna Technologies by 228.0% in the third quarter. Millennium Management LLC now owns 673,138 shares of the company’s stock worth $14,917,000 after purchasing an additional 467,932 shares during the period. Invesco Ltd. purchased a new position in shares of Byrna Technologies during the 2nd quarter valued at $13,079,000. UBS Group AG boosted its holdings in Byrna Technologies by 232.6% in the 3rd quarter. UBS Group AG now owns 383,356 shares of the company’s stock worth $8,495,000 after buying an additional 268,108 shares during the period. Alliancebernstein L.P. increased its stake in Byrna Technologies by 621.6% in the 3rd quarter. Alliancebernstein L.P. now owns 132,710 shares of the company’s stock worth $2,941,000 after buying an additional 114,320 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in Byrna Technologies during the second quarter valued at about $3,452,000. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Trading Down 0.3%

Shares of NASDAQ:BYRN opened at $9.61 on Tuesday. Byrna Technologies Inc. has a 12 month low of $9.42 and a 12 month high of $34.30. The company has a market capitalization of $217.86 million, a price-to-earnings ratio of 24.03 and a beta of 2.30. The firm’s 50-day moving average is $13.89 and its 200 day moving average is $17.61.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $35.25 million during the quarter, compared to analyst estimates of $34.92 million. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%. As a group, equities analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on BYRN shares. Craig Hallum reiterated a “buy” rating and set a $18.00 target price on shares of Byrna Technologies in a research report on Tuesday, March 10th. Zacks Research cut shares of Byrna Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, B. Riley Financial dropped their target price on shares of Byrna Technologies from $46.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $29.67.

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.