Two Sigma Investments LP Cuts Stock Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Two Sigma Investments LP reduced its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 50.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,535 shares of the company’s stock after selling 22,062 shares during the period. Two Sigma Investments LP owned 0.10% of Byrna Technologies worth $620,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at approximately $942,000. Nuveen Asset Management LLC increased its holdings in shares of Byrna Technologies by 1,039.5% in the fourth quarter. Nuveen Asset Management LLC now owns 266,239 shares of the company’s stock valued at $7,670,000 after purchasing an additional 242,875 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Byrna Technologies in the fourth quarter valued at approximately $65,000. Raymond James Financial Inc. purchased a new position in Byrna Technologies in the fourth quarter worth approximately $2,741,000. Finally, Russell Investments Group Ltd. purchased a new position in Byrna Technologies in the fourth quarter worth approximately $29,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wolfe Research upgraded Byrna Technologies to a “strong-buy” rating in a research report on Friday. Roth Mkm reiterated a “buy” rating and issued a $33.00 price objective on shares of Byrna Technologies in a research report on Thursday, March 20th. Finally, B. Riley reiterated a “buy” rating and issued a $39.00 price objective (up from $38.00) on shares of Byrna Technologies in a research report on Friday.

Byrna Technologies Stock Performance

BYRN opened at $31.35 on Monday. The business’s 50-day simple moving average is $22.26 and its 200-day simple moving average is $24.27. Byrna Technologies Inc. has a one year low of $7.79 and a one year high of $34.78. The stock has a market capitalization of $710.61 million, a P/E ratio of 58.06 and a beta of 2.11.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Thursday, April 10th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. The business had revenue of $26.19 million for the quarter, compared to analysts’ expectations of $23.26 million. On average, equities research analysts forecast that Byrna Technologies Inc. will post 0.28 EPS for the current fiscal year.

Insider Transactions at Byrna Technologies

In related news, Director Emily Rooney bought 2,500 shares of Byrna Technologies stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of $20.50 per share, with a total value of $51,250.00. Following the purchase, the director now owns 37,564 shares in the company, valued at $770,062. This represents a 7.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.08% of the company’s stock.

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.