Manatuck Hill Partners LLC Sells 125,000 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Manatuck Hill Partners LLC reduced its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 83.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company's stock after selling 125,000 shares during the quarter. Manatuck Hill Partners LLC owned about 0.11% of Byrna Technologies worth $720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BYRN. Sound View Wealth Advisors Group LLC boosted its stake in shares of Byrna Technologies by 0.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 106,735 shares of the company's stock valued at $3,075,000 after purchasing an additional 355 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Byrna Technologies by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 8,109 shares of the company's stock valued at $234,000 after acquiring an additional 484 shares during the last quarter. Quarry LP acquired a new stake in Byrna Technologies during the 4th quarter worth $25,000. Russell Investments Group Ltd. bought a new stake in Byrna Technologies in the fourth quarter valued at about $29,000. Finally, Global Retirement Partners LLC bought a new position in shares of Byrna Technologies during the fourth quarter worth $30,000. Institutional investors and hedge funds own 25.46% of the company's stock.

Wall Street Analyst Weigh In

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

Byrna Technologies Stock Performance

Shares of NASDAQ BYRN traded down $0.26 during trading hours on Tuesday, reaching $22.34. 306,432 shares of the stock were exchanged, compared to its average volume of 483,425. The stock's fifty day simple moving average is $19.99 and its 200 day simple moving average is $22.92. The firm has a market capitalization of $506.38 million, a price-to-earnings ratio of 41.37 and a beta of 2.18. Byrna Technologies Inc. has a 52 week low of $7.79 and a 52 week high of $34.78.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its quarterly earnings results on Thursday, April 10th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates 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%. Research analysts predict that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Insider Transactions at Byrna Technologies

In other news, insider Luan Pham sold 33,483 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 19,148 shares of the company's stock, valued at $578,078.12. The trade was a 63.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Emily Rooney purchased 2,500 shares of Byrna Technologies stock in a transaction 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 acquisition, the director now directly owns 37,564 shares of the company's stock, valued at approximately $770,062. This trade represents a 7.13 % increase in their position. The disclosure for this purchase can be found here. 11.08% of the stock is owned by company 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.