Hillsdale Investment Management Inc. Cuts Stake in Byrna Technologies Inc. (NASDAQ:BYRN)

Hillsdale Investment Management Inc. lessened its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 36.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,900 shares of the company’s stock after selling 7,500 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.06% of Byrna Technologies worth $372,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Byrna Technologies in the 4th quarter worth approximately $30,000. NCP Inc. acquired a new stake in shares of Byrna Technologies during the fourth quarter worth $37,000. Quest Partners LLC purchased a new stake in shares of Byrna Technologies during the third quarter valued at $46,000. SG Americas Securities LLC acquired a new position in shares of Byrna Technologies in the 4th quarter valued at $134,000. Finally, MetLife Investment Management LLC increased its position in shares of Byrna Technologies by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock valued at $183,000 after acquiring an additional 6,061 shares during the period. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Price Performance

BYRN stock opened at $18.87 on Tuesday. The company has a market capitalization of $427.35 million, a P/E ratio of 34.95 and a beta of 1.64. Byrna Technologies Inc. has a 12 month low of $7.79 and a 12 month high of $34.78. The firm’s fifty day simple moving average is $26.61 and its 200-day simple moving average is $22.24.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. As a group, sell-side analysts forecast that Byrna Technologies Inc. will post 0.28 earnings per share for the current year.

Insider Activity at Byrna Technologies

In other news, insider Lisa Wager sold 12,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the sale, the insider now directly owns 212,055 shares in the company, valued at $6,230,175.90. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luan Pham sold 33,483 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the transaction, the insider now directly owns 19,148 shares of the company’s stock, valued at $578,078.12. The trade was a 63.62 % decrease in their position. The disclosure for this sale can be found here. 11.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating and set a $33.00 price target on shares of Byrna Technologies in a research report on Thursday, March 20th.

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.