Fmr LLC Has $28.76 Million Stock Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Fmr LLC grew its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 47.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,694,610 shares of the company’s stock after purchasing an additional 548,670 shares during the quarter. Fmr LLC owned approximately 0.07% of Byrna Technologies worth $28,758,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BYRN. nVerses Capital LLC acquired a new position in shares of Byrna Technologies in the third quarter worth approximately $34,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Byrna Technologies by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after acquiring an additional 2,021 shares during the period. Quest Partners LLC acquired a new position in shares of Byrna Technologies in the third quarter worth approximately $46,000. Dimensional Fund Advisors LP lifted its stake in shares of Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after acquiring an additional 2,976 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Byrna Technologies in the second quarter worth approximately $131,000. 25.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $17.75.

Insiders Place Their Bets

In other news, insider Lisa Wager sold 2,450 shares of the business’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 transaction of $41,674.50. Following the completion of the sale, the insider now owns 224,555 shares in the company, valued at $3,819,680.55. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Laurilee Kearnes acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of $14.04 per share, with a total value of $28,080.00. Following the acquisition, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $35,100. This represents a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 10,474 shares of company stock worth $183,954. 11.08% of the stock is owned by corporate insiders.

Byrna Technologies Stock Performance

Shares of BYRN stock opened at $18.92 on Tuesday. The company has a market cap of $430.62 million, a P/E ratio of 210.25 and a beta of 1.80. The stock has a 50 day simple moving average of $17.23 and a two-hundred day simple moving average of $13.57. Byrna Technologies Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $22.12.

Byrna Technologies (NASDAQ:BYRN) last issued its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. On average, research analysts predict that Byrna Technologies Inc. will post 0.17 earnings per share for the current year.

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.