Franklin Resources Inc. Purchases New Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Franklin Resources Inc. bought a new stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) in the fourth quarter, Holdings Channel reports. The fund bought 10,180 shares of the company’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Byrna Technologies by 248.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 90,632 shares of the company’s stock worth $2,611,000 after buying an additional 64,593 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Byrna Technologies by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 8,109 shares of the company’s stock worth $234,000 after purchasing an additional 484 shares during the last quarter. McCollum Christoferson Group LLC grew its position in shares of Byrna Technologies by 116.7% in the fourth quarter. McCollum Christoferson Group LLC now owns 94,320 shares of the company’s stock valued at $2,717,000 after purchasing an additional 50,800 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Byrna Technologies by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company’s stock valued at $28,861,000 after purchasing an additional 73,954 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in Byrna Technologies during the fourth quarter worth $1,249,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Insider Transactions at Byrna Technologies

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

Byrna Technologies Trading Up 2.1 %

Shares of NASDAQ:BYRN opened at $21.78 on Friday. The business has a 50-day moving average price of $21.72 and a 200 day moving average price of $22.34. Byrna Technologies Inc. has a 12-month low of $7.79 and a 12-month high of $34.78. The company has a market capitalization of $493.69 million, a price-to-earnings ratio of 40.33 and a beta of 2.19.

Byrna Technologies (NASDAQ:BYRN) last released its quarterly earnings results on Thursday, April 10th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. The business had revenue of $26.19 million during the quarter, compared to analyst estimates of $23.26 million. As a group, equities research analysts predict that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and set a $33.00 price target on shares of Byrna Technologies in a report on Thursday, March 20th.

Byrna Technologies 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.