Millennium Management LLC Lowers Stock Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Millennium Management LLC lessened its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 43.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,900 shares of the company's stock after selling 71,958 shares during the quarter. Millennium Management LLC owned approximately 0.41% of Byrna Technologies worth $2,705,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BYRN. Quarry LP purchased a new stake in shares of Byrna Technologies during the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Byrna Technologies during the fourth quarter valued at approximately $29,000. Global Retirement Partners LLC purchased a new stake in shares of Byrna Technologies during the fourth quarter valued at approximately $30,000. NCP Inc. purchased a new stake in shares of Byrna Technologies during the fourth quarter valued at approximately $37,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Byrna Technologies during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 25.46% of the company's stock.

Byrna Technologies Stock Performance

BYRN stock traded down $0.04 on Wednesday, reaching $26.47. The company's stock had a trading volume of 267,616 shares, compared to its average volume of 496,231. The business has a fifty day simple moving average of $21.78 and a two-hundred day simple moving average of $24.09. Byrna Technologies Inc. has a 12-month low of $7.79 and a 12-month high of $34.78. The firm has a market cap of $600.00 million, a PE ratio of 49.02 and a beta of 2.18.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly 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. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. The company had revenue of $26.19 million during the quarter, compared to analyst estimates of $23.26 million. As a group, research analysts anticipate that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Byrna Technologies news, Director Emily Rooney purchased 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was bought at an average price of $20.50 per share, with a total value of $51,250.00. Following the completion of the purchase, the director now directly owns 37,564 shares of the company's stock, valued at $770,062. The trade was a 7.13% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 11.08% of the stock is currently owned by insiders.

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.