Hodges Capital Management Inc. Has $2.35 Million Holdings in Byrna Technologies Inc. $BYRN

Hodges Capital Management Inc. increased its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 515.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,002 shares of the company’s stock after purchasing an additional 117,252 shares during the period. Hodges Capital Management Inc. owned approximately 0.62% of Byrna Technologies worth $2,351,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. AIGH Capital Management LLC acquired a new position in Byrna Technologies in the fourth quarter valued at about $6,630,000. Pinnacle Associates Ltd. acquired a new position in Byrna Technologies in the third quarter valued at about $1,937,000. UBS Group AG grew its stake in Byrna Technologies by 35.8% in the fourth quarter. UBS Group AG now owns 520,616 shares of the company’s stock valued at $8,741,000 after acquiring an additional 137,260 shares during the period. Penn Capital Management Company LLC acquired a new position in Byrna Technologies in the fourth quarter valued at about $2,785,000. Finally, Militia Capital Partners LP acquired a new position in Byrna Technologies in the third quarter valued at about $2,083,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on BYRN. Roth Mkm decreased their target price on Byrna Technologies from $26.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, April 10th. Wall Street Zen cut Byrna Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Craig Hallum cut Byrna Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price for the company. in a research note on Friday, April 10th. New Street Research set a $7.50 target price on Byrna Technologies in a research note on Friday, April 10th. Finally, B. Riley Financial decreased their target price on Byrna Technologies from $31.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Byrna Technologies currently has an average rating of “Buy” and a consensus target price of $12.13.

Byrna Technologies Stock Performance

BYRN opened at $6.27 on Thursday. Byrna Technologies Inc. has a 52-week low of $4.84 and a 52-week high of $34.30. The firm has a market capitalization of $142.27 million, a PE ratio of 17.42 and a beta of 1.81. The business’s 50-day simple moving average is $6.32 and its 200 day simple moving average is $11.77.

Byrna Technologies (NASDAQ:BYRN) last released its 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 return on equity of 14.14% and a net margin of 7.30%.The company had revenue of $29.05 million for the quarter, compared to the consensus estimate of $30.21 million. During the same quarter in the previous year, the company posted $0.07 EPS. On average, research analysts forecast that Byrna Technologies Inc. will post 0.03 earnings per share for the current 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.