ArrowMark Colorado Holdings LLC Has $12.86 Million Stock Position in Byrna Technologies Inc. (NASDAQ:BYRN)

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

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in Byrna Technologies during the fourth quarter worth $25,000. Russell Investments Group Ltd. purchased a new stake in Byrna Technologies in the 4th quarter worth about $29,000. Global Retirement Partners LLC bought a new stake in Byrna Technologies in the fourth quarter worth about $30,000. NCP Inc. bought a new position in shares of Byrna Technologies during the fourth quarter valued at approximately $37,000. Finally, SG Americas Securities LLC bought a new stake in shares of Byrna Technologies during the 4th quarter worth approximately $134,000. Hedge funds and other institutional investors own 25.46% of the company's stock.

Byrna Technologies Trading Down 4.6 %

NASDAQ:BYRN traded down $1.04 during trading hours on Friday, reaching $21.59. 149,841 shares of the company were exchanged, compared to its average volume of 484,810. The stock's 50-day moving average is $19.79 and its 200-day moving average is $22.95. The firm has a market cap of $489.38 million, a PE ratio of 39.98 and a beta of 2.18. Byrna Technologies Inc. has a twelve month low of $7.79 and a twelve month high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last posted 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. The business had revenue of $26.19 million during the quarter, compared to the consensus estimate of $23.26 million. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. As a group, research analysts anticipate that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Byrna Technologies news, Director Emily Rooney acquired 2,500 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was purchased at an average price of $20.50 per share, with a total value of $51,250.00. Following the completion of the acquisition, the director now directly owns 37,564 shares in the company, valued at $770,062. This trade represents a 7.13 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Luan Pham sold 33,483 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the transaction, the insider now owns 19,148 shares of the company's stock, valued at $578,078.12. This represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by company insiders.

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.