Two Sigma Investments LP Trims Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Two Sigma Investments LP lessened its position in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,535 shares of the company's stock after selling 22,062 shares during the period. Two Sigma Investments LP owned about 0.10% of Byrna Technologies worth $620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors bought a new position in shares of Byrna Technologies in the fourth quarter worth approximately $47,203,000. Vanguard Group Inc. lifted its stake in shares of Byrna Technologies by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 1,001,759 shares of the company's stock worth $28,861,000 after buying an additional 73,954 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Byrna Technologies by 72.4% in the fourth quarter. Invesco Ltd. now owns 697,655 shares of the company's stock worth $20,099,000 after buying an additional 293,049 shares in the last quarter. Geode Capital Management LLC lifted its position in Byrna Technologies by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 396,616 shares of the company's stock valued at $11,430,000 after purchasing an additional 5,184 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in Byrna Technologies during the fourth quarter valued at approximately $9,304,000. Institutional investors own 25.46% of the company's stock.

Byrna Technologies Price Performance

Byrna Technologies stock traded up $0.79 during midday trading on Wednesday, reaching $29.58. 532,567 shares of the company traded hands, compared to its average volume of 508,480. The firm has a market capitalization of $670.49 million, a price-to-earnings ratio of 54.78 and a beta of 2.11. The business has a 50 day moving average of $23.06 and a two-hundred day moving average of $24.40. Byrna Technologies Inc. has a 12 month low of $7.79 and a 12 month high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its earnings results on Thursday, April 10th. The company reported $0.07 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $23.26 million. As a group, equities analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BYRN. Wolfe Research upgraded shares of Byrna Technologies to a "strong-buy" rating in a research report on Friday, June 6th. Roth Mkm restated a "buy" rating and set a $33.00 price objective on shares of Byrna Technologies in a research report on Thursday, March 20th. Finally, B. Riley restated a "buy" rating and set a $39.00 price objective (up previously from $38.00) on shares of Byrna Technologies in a research report on Friday, June 6th.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, Director Emily Rooney bought 2,500 shares of Byrna Technologies stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of $20.50 per share, with a total value of $51,250.00. Following the completion of the acquisition, the director now owns 37,564 shares in the company, valued at approximately $770,062. This represents a 7.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.08% of the stock is owned by corporate 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.