Corton Capital Inc. Invests $239,000 in Byrna Technologies Inc. $BYRN

Corton Capital Inc. bought a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 7,732 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Millennium Management LLC lifted its holdings in Byrna Technologies by 247.9% during the first quarter. Millennium Management LLC now owns 326,670 shares of the company’s stock worth $5,501,000 after acquiring an additional 232,770 shares during the period. Nuveen LLC purchased a new stake in shares of Byrna Technologies during the 1st quarter valued at $3,890,000. Driehaus Capital Management LLC raised its stake in shares of Byrna Technologies by 39.3% during the 1st quarter. Driehaus Capital Management LLC now owns 449,848 shares of the company’s stock worth $7,575,000 after purchasing an additional 126,894 shares during the period. Trexquant Investment LP raised its stake in shares of Byrna Technologies by 182.6% during the 1st quarter. Trexquant Investment LP now owns 88,587 shares of the company’s stock worth $1,492,000 after purchasing an additional 57,245 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Byrna Technologies by 476.3% in the 1st quarter. XTX Topco Ltd now owns 47,154 shares of the company’s stock worth $794,000 after buying an additional 38,972 shares during the last quarter. 25.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on BYRN shares. Zacks Research upgraded shares of Byrna Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. LADENBURG THALM/SH SH upgraded shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, October 1st. Craig Hallum started coverage on shares of Byrna Technologies in a report on Wednesday, July 16th. They issued a “buy” rating and a $39.00 price target on the stock. Roth Capital set a $40.00 price objective on Byrna Technologies and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, B. Riley reissued a “buy” rating and issued a $46.00 target price (up from $39.00) on shares of Byrna Technologies in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $39.50.

Byrna Technologies Stock Down 1.4%

NASDAQ BYRN opened at $19.96 on Tuesday. The firm has a market cap of $453.69 million, a P/E ratio of 29.79 and a beta of 2.03. The company’s 50 day moving average is $21.32 and its 200-day moving average is $23.69. Byrna Technologies Inc. has a 12-month low of $13.68 and a 12-month high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings data on Thursday, October 9th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. Byrna Technologies had a net margin of 14.43% and a return on equity of 18.13%. The company had revenue of $28.18 million during the quarter, compared to the consensus estimate of $28.00 million. During the same period last year, the firm earned $0.04 EPS. Equities analysts expect that Byrna Technologies Inc. will post 0.28 EPS for the current year.

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.