Byrna Technologies Inc. $BYRN Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in Byrna Technologies Inc. (NASDAQ:BYRN) by 496.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,327 shares of the company’s stock after purchasing an additional 318,227 shares during the quarter. Renaissance Technologies LLC owned about 1.69% of Byrna Technologies worth $3,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BYRN. Russell Investments Group Ltd. grew its position in shares of Byrna Technologies by 89.6% in the third quarter. Russell Investments Group Ltd. now owns 2,215 shares of the company’s stock valued at $49,000 after purchasing an additional 1,047 shares in the last quarter. Comerica Bank acquired a new position in Byrna Technologies during the fourth quarter worth $40,000. NBC Securities Inc. boosted its position in shares of Byrna Technologies by 226.4% during the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after acquiring an additional 1,811 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Byrna Technologies by 178.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,058 shares of the company’s stock valued at $94,000 after buying an additional 1,960 shares during the period. Finally, Quarry LP purchased a new position in Byrna Technologies in the third quarter worth approximately $70,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Chris Lavern Reed bought 8,150 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average cost of $3.63 per share, with a total value of $29,584.50. Following the transaction, the director directly owned 61,720 shares of the company’s stock, valued at approximately $224,043.60. This represents a 15.21% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Tj Kennedy acquired 29,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $3.53 per share, for a total transaction of $102,370.00. Following the acquisition, the chairman owned 29,000 shares of the company’s stock, valued at approximately $102,370. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 61,258 shares of company stock worth $215,455. Corporate insiders own 9.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BYRN shares. Zacks Research downgraded Byrna Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. New Street Research set a $7.50 price objective on Byrna Technologies in a research report on Friday, April 10th. Roth Capital lowered shares of Byrna Technologies from a “buy” rating to a “neutral” rating and set a $4.50 price objective on the stock. in a report on Friday, July 10th. Wall Street Zen lowered shares of Byrna Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Finally, B. Riley Financial lowered their price target on Byrna Technologies from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.88.

Byrna Technologies Stock Up 2.1%

Shares of NASDAQ:BYRN opened at $4.45 on Friday. The stock has a market cap of $100.97 million, a price-to-earnings ratio of -24.72 and a beta of 1.82. The firm’s 50 day moving average price is $5.19 and its 200 day moving average price is $8.09. Byrna Technologies Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $30.62.

Byrna Technologies (NASDAQ:BYRN) last posted its earnings results on Thursday, July 9th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.34). The business had revenue of $16.39 million during the quarter, compared to analysts’ expectations of $22.32 million. Byrna Technologies had a negative net margin of 3.39% and a negative return on equity of 5.85%. On average, equities analysts anticipate that Byrna Technologies Inc. will post -0.63 EPS for the current year.

About Byrna Technologies

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.