Federated Hermes Inc. Sells 130,000 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

Federated Hermes Inc. cut its holdings in Byrna Technologies Inc. (NASDAQ:BYRN) by 81.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the company’s stock after selling 130,000 shares during the quarter. Federated Hermes Inc.’s holdings in Byrna Technologies were worth $192,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Wealthspire Advisors LLC boosted its stake in Byrna Technologies by 3.7% in the third quarter. Wealthspire Advisors LLC now owns 563,079 shares of the company’s stock valued at $1,261,000 after buying an additional 20,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Byrna Technologies by 55.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company’s stock valued at $127,000 after buying an additional 20,138 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Byrna Technologies by 286.4% in the fourth quarter. Raymond James & Associates now owns 127,592 shares of the company’s stock valued at $815,000 after buying an additional 94,575 shares in the last quarter. 25.46% of the stock is owned by institutional investors and hedge funds.

Byrna Technologies Trading Up 1.7 %

Shares of BYRN stock opened at $13.68 on Monday. The business’s 50-day moving average price is $13.06 and its 200-day moving average price is $8.79. Byrna Technologies Inc. has a 12 month low of $2.19 and a 12 month high of $15.34. The firm has a market capitalization of $311.08 million, a price-to-earnings ratio of -48.86 and a beta of 1.75.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Friday, April 5th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $16.65 million for the quarter, compared to analyst estimates of $16.65 million. Byrna Technologies had a negative return on equity of 13.16% and a negative net margin of 11.83%. On average, sell-side analysts predict that Byrna Technologies Inc. will post -0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on BYRN shares. B. Riley reaffirmed a “buy” rating and issued a $17.00 price objective (up from $14.00) on shares of Byrna Technologies in a research note on Monday, April 8th. LADENBURG THALM/SH SH lifted their price target on Byrna Technologies from $12.75 to $16.25 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, TheStreet raised Byrna Technologies from a “d+” rating to a “c-” rating in a research note on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Insider Buying and Selling

In related news, insider Herbert Hughes sold 5,229 shares of Byrna Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.03, for a total value of $62,904.87. Following the transaction, the insider now directly owns 137,416 shares of the company’s stock, valued at $1,653,114.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.44% of the stock is 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.