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

Penn Capital Management Company LLC purchased a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 165,881 shares of the company’s stock, valued at approximately $2,785,000. Penn Capital Management Company LLC owned approximately 0.73% of Byrna Technologies as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Byrna Technologies by 138.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock valued at $26,000 after buying an additional 672 shares during the last quarter. Comerica Bank acquired a new stake in shares of Byrna Technologies in the 4th quarter valued at approximately $40,000. AlphaQuest LLC boosted its holdings in shares of Byrna Technologies by 1,825.8% in the 3rd quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock valued at $41,000 after buying an additional 1,771 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Byrna Technologies by 226.4% in the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after buying an additional 1,811 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Byrna Technologies by 89.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after buying an additional 1,047 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

BYRN has been the subject of several recent analyst reports. New Street Research set a $7.50 price objective on Byrna Technologies in a report on Friday, April 10th. Texas Capital raised Byrna Technologies to a “strong-buy” rating in a report on Tuesday, March 24th. Craig Hallum downgraded Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective for the company. in a report on Friday, April 10th. Roth Mkm cut their price objective on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company 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 analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $12.13.

Byrna Technologies Price Performance

Shares of Byrna Technologies stock opened at $5.77 on Wednesday. The business has a fifty day simple moving average of $6.99 and a two-hundred day simple moving average of $12.65. Byrna Technologies Inc. has a 1 year low of $4.84 and a 1 year high of $34.30. The company has a market capitalization of $130.92 million, a price-to-earnings ratio of 16.03 and a beta of 1.81.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, April 9th. The company reported $0.03 earnings per share (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 business had revenue of $29.05 million for the quarter, compared to analyst estimates of $30.21 million. During the same period in the prior year, the business earned $0.07 EPS. As a group, equities analysts anticipate that Byrna Technologies Inc. will post 0.03 earnings per share for the current fiscal year.

About Byrna Technologies

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.