Hodges Capital Management Inc. Buys 117,252 Shares of Byrna Technologies Inc. $BYRN

Hodges Capital Management Inc. increased its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 515.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 140,002 shares of the company’s stock after acquiring an additional 117,252 shares during the period. Hodges Capital Management Inc.’s holdings in Byrna Technologies were worth $2,351,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in Byrna Technologies by 138.6% during the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after buying an additional 672 shares during the last quarter. AlphaQuest LLC increased its position in Byrna Technologies by 1,825.8% during the third quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock worth $41,000 after buying an additional 1,771 shares during the last quarter. Russell Investments Group Ltd. increased its position in Byrna Technologies by 89.6% during the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after buying an additional 1,047 shares during the last quarter. Comerica Bank acquired a new position in Byrna Technologies during the fourth quarter worth approximately $40,000. Finally, NBC Securities Inc. increased its position in Byrna Technologies by 226.4% during the fourth quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after buying an additional 1,811 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a research report on Friday, April 10th. B. Riley Financial lowered their price target on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Roth Mkm lowered their price target on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, April 10th. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen downgraded Byrna Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $12.13.

Byrna Technologies Trading Up 0.3%

Byrna Technologies stock opened at $6.27 on Thursday. Byrna Technologies Inc. has a 12 month low of $4.84 and a 12 month high of $34.30. The stock’s 50 day moving average is $6.32 and its 200-day moving average is $11.77. The company has a market capitalization of $142.27 million, a price-to-earnings ratio of 17.42 and a beta of 1.81.

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

Byrna Technologies Company 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.