Traders Buy High Volume of Call Options on Byrna Technologies (NASDAQ:BYRN)

Byrna Technologies Inc. (NASDAQ:BYRN) saw unusually large options trading activity on Monday. Traders acquired 3,349 call options on the company. This represents an increase of approximately 318% compared to the average volume of 801 call options.

Byrna Technologies Stock Down 0.6 %

BYRN stock opened at $20.31 on Wednesday. The business has a 50 day moving average of $22.34 and a 200-day moving average of $22.28. The firm has a market cap of $460.37 million, a PE ratio of 37.61 and a beta of 2.19. Byrna Technologies has a 12-month low of $7.79 and a 12-month high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Thursday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $26.19 million during the quarter, compared to analyst estimates of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. On average, research analysts expect that Byrna Technologies will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Luan Pham sold 33,483 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the completion of the sale, the insider now owns 19,148 shares in the company, valued at approximately $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Wager sold 12,500 shares of the stock in a transaction on 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 $6,230,175.90. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BYRN. Hennion & Walsh Asset Management Inc. increased its stake in shares of Byrna Technologies by 25.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 26,895 shares of the company’s stock worth $453,000 after purchasing an additional 5,520 shares during the last quarter. Rhumbline Advisers increased its position in Byrna Technologies by 5.0% in the first quarter. Rhumbline Advisers now owns 23,590 shares of the company’s stock worth $397,000 after buying an additional 1,129 shares during the last quarter. GAMMA Investing LLC increased its position in Byrna Technologies by 3,377.2% in the first quarter. GAMMA Investing LLC now owns 4,277 shares of the company’s stock worth $72,000 after buying an additional 4,154 shares during the last quarter. State of Wyoming bought a new stake in shares of Byrna Technologies in the fourth quarter valued at $180,000. Finally, Malaga Cove Capital LLC purchased a new position in shares of Byrna Technologies during the 4th quarter valued at $236,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.