Rhumbline Advisers Buys Shares of 20,577 Byrna Technologies Inc. (NASDAQ:BYRN)

Rhumbline Advisers purchased a new position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,577 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also modified their holdings of the business. Wealthspire Advisors LLC lifted its stake in Byrna Technologies by 1.8% during the 1st quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock worth $7,704,000 after acquiring an additional 10,000 shares in the last quarter. Hamilton Wealth LLC purchased a new position in Byrna Technologies during the 1st quarter worth approximately $146,000. Vanguard Group Inc. grew its stake in Byrna Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after buying an additional 14,755 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Byrna Technologies by 68.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock worth $1,463,000 after buying an additional 59,738 shares during the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Byrna Technologies Stock Performance

NASDAQ:BYRN opened at $17.63 on Friday. The stock has a market cap of $401.61 million, a price-to-earnings ratio of -125.93 and a beta of 1.67. The business’s 50-day simple moving average is $12.26 and its 200 day simple moving average is $12.13. Byrna Technologies Inc. has a one year low of $2.19 and a one year high of $19.13.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. Byrna Technologies had a negative return on equity of 6.34% and a negative net margin of 4.74%. The business had revenue of $20.27 million during the quarter, compared to analyst estimates of $20.29 million. On average, equities research analysts predict that Byrna Technologies Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Roth Mkm initiated coverage on Byrna Technologies in a research note on Wednesday, August 28th. They issued a “buy” rating and a $14.00 target price on the stock. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $15.75.

Insider Buying and Selling at Byrna Technologies

In other news, insider Lisa Wager sold 20,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the completion of the sale, the insider now owns 229,555 shares in the company, valued at approximately $3,098,992.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Bryan Ganz sold 2,478 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $18.46, for a total transaction of $45,743.88. Following the completion of the sale, the chief executive officer now directly owns 398,059 shares in the company, valued at $7,348,169.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lisa Wager sold 20,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the transaction, the insider now directly owns 229,555 shares in the company, valued at $3,098,992.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,416 shares of company stock valued at $820,581. 8.44% 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.