ArrowMark Colorado Holdings LLC Sells 675,548 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

ArrowMark Colorado Holdings LLC decreased its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 60.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446,249 shares of the company's stock after selling 675,548 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 1.96% of Byrna Technologies worth $12,856,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Barclays PLC grew its position in shares of Byrna Technologies by 321.5% in the third quarter. Barclays PLC now owns 24,719 shares of the company's stock valued at $419,000 after purchasing an additional 18,855 shares in the last quarter. Silverleafe Capital Partners LLC bought a new stake in Byrna Technologies in the 4th quarter worth approximately $353,000. Hennion & Walsh Asset Management Inc. bought a new stake in Byrna Technologies during the fourth quarter valued at approximately $616,000. SG Americas Securities LLC purchased a new position in Byrna Technologies in the 4th quarter worth approximately $134,000. Finally, New York State Common Retirement Fund grew its position in shares of Byrna Technologies by 2,200.0% during the fourth quarter. New York State Common Retirement Fund now owns 6,900 shares of the company's stock valued at $199,000 after purchasing an additional 6,600 shares in the last quarter. 25.46% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Lisa Wager sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the sale, the insider now directly owns 212,055 shares in the company, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Emily Rooney acquired 2,500 shares of the stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average price of $20.50 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now owns 37,564 shares in the company, valued at approximately $770,062. This represents a 7.13 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.08% of the company's stock.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN traded down $1.45 during midday trading on Wednesday, reaching $20.88. 353,948 shares of the company's stock were exchanged, compared to its average volume of 485,360. The stock has a market cap of $473.29 million, a price-to-earnings ratio of 38.67 and a beta of 2.18. Byrna Technologies Inc. has a fifty-two week low of $7.79 and a fifty-two week high of $34.78. The firm's 50 day simple moving average is $19.92 and its two-hundred day simple moving average is $22.92.

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

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a "buy" rating and issued a $33.00 price objective on shares of Byrna Technologies in a research report on Thursday, March 20th.

About Byrna Technologies

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.