Renaissance Technologies LLC Sells 47,600 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Renaissance Technologies LLC lowered its holdings in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,100 shares of the company's stock after selling 47,600 shares during the period. Renaissance Technologies LLC owned 0.40% of Byrna Technologies worth $2,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BYRN. Russell Investments Group Ltd. acquired a new stake in Byrna Technologies in the 4th quarter valued at $29,000. Global Retirement Partners LLC acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at about $30,000. NCP Inc. purchased a new stake in shares of Byrna Technologies during the 4th quarter valued at about $37,000. SG Americas Securities LLC acquired a new stake in Byrna Technologies in the fourth quarter valued at approximately $134,000. Finally, New York State Common Retirement Fund lifted 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 worth $199,000 after purchasing an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 25.46% of the company's stock.

Byrna Technologies Stock Performance

Shares of Byrna Technologies stock traded down $0.14 during trading hours on Wednesday, reaching $22.39. The company's stock had a trading volume of 370,549 shares, compared to its average volume of 482,694. Byrna Technologies Inc. has a one year low of $7.79 and a one year high of $34.78. The company's 50 day simple moving average is $20.22 and its 200 day simple moving average is $22.66. The stock has a market cap of $507.51 million, a P/E ratio of 41.46 and a beta of 2.19.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly 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 company 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%. On average, sell-side analysts predict that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

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.

Insider Buying and Selling

In other news, insider Lisa Wager sold 12,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was 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 of the company's stock, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luan Pham sold 33,483 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 19,148 shares in the company, valued at $578,078.12. This represents a 63.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.08% of the company's stock.

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.