Rhumbline Advisers Takes Position in Byrna Technologies Inc. (NASDAQ:BYRN)

Rhumbline Advisers bought a new stake in Byrna Technologies Inc. (NASDAQ:BYRN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,577 shares of the company’s stock, valued at approximately $205,000. Rhumbline Advisers owned about 0.09% of Byrna Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after buying an additional 59,738 shares during the period. Hamilton Wealth LLC purchased a new stake in Byrna Technologies in the first quarter valued at approximately $146,000. Vanguard Group Inc. raised its stake in Byrna Technologies by 1.9% in the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after purchasing an additional 14,755 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its stake in shares of Byrna Technologies by 1.8% during the first 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. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Up 5.4 %

NASDAQ BYRN opened at $17.63 on Friday. The company has a 50-day moving average price of $12.26 and a 200-day moving average price of $12.13. The firm has a market capitalization of $401.61 million, a P/E ratio of -125.93 and a beta of 1.67. Byrna Technologies Inc. has a 52 week low of $2.19 and a 52 week high of $19.13.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Roth Mkm started coverage on shares of 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $15.75.

Insider Buying and Selling

In other news, CEO Bryan Ganz sold 17,442 shares of Byrna Technologies stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.40, for a total transaction of $268,606.80. Following the completion of the sale, the chief executive officer now directly owns 460,617 shares in the company, valued at $7,093,501.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Lisa Wager sold 2,450 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $17.01, for a total value of $41,674.50. Following the sale, the insider now owns 224,555 shares in the company, valued at $3,819,680.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bryan Ganz sold 17,442 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.40, for a total value of $268,606.80. Following the completion of the transaction, the chief executive officer now directly owns 460,617 shares of the company’s stock, valued at $7,093,501.80. The disclosure for this sale can be found here. Insiders sold a total of 54,416 shares of company stock worth $820,581 over the last three months. 8.44% of the stock is owned by 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.