NCP Inc. Makes New $37,000 Investment in Byrna Technologies Inc. (NASDAQ:BYRN)

NCP Inc. acquired a new position in Byrna Technologies Inc. (NASDAQ:BYRN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,300 shares of the company’s stock, valued at approximately $37,000.

Other large investors have also modified their holdings of the company. FMR LLC raised its holdings in Byrna Technologies by 47.9% in the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after purchasing an additional 548,670 shares during the period. Barclays PLC raised its stake in shares of Byrna Technologies by 321.5% during the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after buying an additional 18,855 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Byrna Technologies by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after buying an additional 2,021 shares during the period. GSA Capital Partners LLP raised its stake in shares of Byrna Technologies by 86.6% during the 3rd quarter. GSA Capital Partners LLP now owns 59,608 shares of the company’s stock worth $1,012,000 after buying an additional 27,662 shares during the period. Finally, State Street Corp raised its stake in shares of Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after buying an additional 84,723 shares during the period. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN opened at $26.37 on Wednesday. Byrna Technologies Inc. has a 1 year low of $7.79 and a 1 year high of $34.78. The firm has a market capitalization of $597.20 million, a PE ratio of 48.83 and a beta of 1.65. The business’s 50 day moving average price is $29.29 and its 200-day moving average price is $20.88.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. As a group, analysts expect that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Insider Transactions at Byrna Technologies

In related news, insider Luan Pham sold 33,483 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares of the company’s stock, valued at approximately $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lisa Wager sold 12,500 shares of Byrna Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the transaction, the insider now directly owns 212,055 shares in the company, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

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.