Emerald Mutual Fund Advisers Trust Increases Holdings in Byrna Technologies Inc. $BYRN

Emerald Mutual Fund Advisers Trust grew its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 184.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,151 shares of the company’s stock after buying an additional 207,781 shares during the period. Emerald Mutual Fund Advisers Trust owned 1.41% of Byrna Technologies worth $2,939,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BYRN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Byrna Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,305 shares of the company’s stock worth $174,000 after purchasing an additional 468 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Byrna Technologies by 4.9% during the second quarter. Tidal Investments LLC now owns 12,363 shares of the company’s stock valued at $382,000 after acquiring an additional 576 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Byrna Technologies by 9.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,110 shares of the company’s stock worth $281,000 after buying an additional 822 shares during the period. Russell Investments Group Ltd. lifted its stake in Byrna Technologies by 89.6% in the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock worth $49,000 after acquiring an additional 1,047 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Byrna Technologies by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 440,843 shares of the company’s stock valued at $7,403,000 after buying an additional 1,126 shares in the last quarter. 25.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. New Street Research set a $7.50 price target on Byrna Technologies in a research note on Friday, April 10th. Wall Street Zen downgraded shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday. B. Riley Financial reduced their price target on shares of Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Texas Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target for the company. in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.88.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN opened at $3.82 on Tuesday. Byrna Technologies Inc. has a 1 year low of $3.70 and a 1 year high of $30.62. The firm has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $9.79. The company has a market cap of $86.68 million, a P/E ratio of -21.22 and a beta of 1.80.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.34). Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. The business had revenue of $16.39 million for the quarter, compared to the consensus estimate of $22.32 million. As a group, equities research analysts expect that Byrna Technologies Inc. will post 0.03 EPS for the current 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.