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

Manatuck Hill Partners LLC lessened its position in Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 83.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,000 shares of the company's stock after selling 125,000 shares during the period. Manatuck Hill Partners LLC owned approximately 0.11% of Byrna Technologies worth $720,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BYRN. Quarry LP purchased a new stake in shares of Byrna Technologies during the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. purchased a new position in Byrna Technologies during the fourth quarter worth approximately $29,000. Global Retirement Partners LLC acquired a new stake in Byrna Technologies during the fourth quarter worth about $30,000. NCP Inc. purchased a new stake in Byrna Technologies during the fourth quarter worth approximately $37,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at about $134,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Lisa Wager sold 12,500 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the transaction, the insider now owns 212,055 shares in the company, valued at $6,230,175.90. This represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Luan Pham sold 33,483 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total transaction of $1,010,851.77. Following the transaction, the insider now directly owns 19,148 shares in the company, valued at $578,078.12. The trade was a 63.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.08% of the company's stock.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN traded down $0.13 during midday trading on Wednesday, reaching $22.20. 63,706 shares of the company traded hands, compared to its average volume of 482,958. The stock has a 50-day moving average price of $19.92 and a 200 day moving average price of $22.92. Byrna Technologies Inc. has a 52 week low of $7.79 and a 52 week high of $34.78. The company has a market cap of $503.18 million, a price-to-earnings ratio of 40.97 and a beta of 2.18.

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

Analyst Upgrades and Downgrades

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

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.