D. E. Shaw & Co. Inc. Trims Position in Byrna Technologies Inc. (NASDAQ:BYRN)

D. E. Shaw & Co. Inc. lessened its position in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 53.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,349 shares of the company's stock after selling 132,592 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.50% of Byrna Technologies worth $3,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capital Research Global Investors bought a new position in Byrna Technologies in the fourth quarter worth $47,203,000. Driehaus Capital Management LLC purchased a new stake in shares of Byrna Technologies in the 4th quarter worth about $9,304,000. Invesco Ltd. increased its stake in shares of Byrna Technologies by 72.4% in the 4th quarter. Invesco Ltd. now owns 697,655 shares of the company's stock worth $20,099,000 after acquiring an additional 293,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Byrna Technologies in the 4th quarter worth about $2,741,000. Finally, Vanguard Group Inc. lifted its position in Byrna Technologies by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company's stock valued at $28,861,000 after acquiring an additional 73,954 shares during the period. 25.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Byrna Technologies Price Performance

BYRN stock traded down $0.44 on Thursday, reaching $23.41. 330,568 shares of the company traded hands, compared to its average volume of 489,065. The firm has a fifty day simple moving average of $20.33 and a 200-day simple moving average of $23.52. The company has a market cap of $530.63 million, a P/E ratio of 43.35 and a beta of 2.18. Byrna Technologies Inc. has a one year low of $7.79 and a one year high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its earnings results on Thursday, April 10th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The firm had revenue of $26.19 million for the quarter, compared to analysts' expectations of $23.26 million. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. On average, sell-side analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Insider Activity at Byrna Technologies

In other news, Director Emily Rooney bought 2,500 shares of the company's stock in a transaction dated 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 purchase, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.08% of the stock is currently owned by insiders.

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.