M&T Bank Corp Sells 55,333 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

M&T Bank Corp lessened its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 32.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 113,633 shares of the company’s stock after selling 55,333 shares during the period. M&T Bank Corp’s holdings in Byrna Technologies were worth $1,929,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Byrna Technologies by 321.5% during the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after acquiring an additional 18,855 shares during the last quarter. State Street Corp boosted its stake in shares of Byrna Technologies by 36.9% during the third quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after purchasing an additional 84,723 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Byrna Technologies in the third quarter valued at approximately $286,000. Verition Fund Management LLC increased its stake in shares of Byrna Technologies by 113.9% in the third quarter. Verition Fund Management LLC now owns 34,018 shares of the company’s stock valued at $577,000 after buying an additional 18,118 shares during the period. Finally, Walleye Capital LLC raised its holdings in Byrna Technologies by 1.3% in the 3rd quarter. Walleye Capital LLC now owns 52,379 shares of the company’s stock valued at $889,000 after buying an additional 665 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Byrna Technologies Stock Performance

Byrna Technologies stock opened at $24.67 on Friday. The firm has a market cap of $561.44 million, a price-to-earnings ratio of 274.11 and a beta of 1.80. Byrna Technologies Inc. has a 52-week low of $5.36 and a 52-week high of $25.77. The firm has a 50 day moving average price of $17.74 and a two-hundred day moving average price of $13.89.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Wednesday, October 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. As a group, equities research analysts predict that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Roth Mkm reissued a “buy” rating and set a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Byrna Technologies presently has a consensus rating of “Buy” and a consensus price target of $17.75.

Insider Activity at Byrna Technologies

In other Byrna Technologies news, insider Lisa Wager sold 2,450 shares of the 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 transaction, the insider now directly owns 224,555 shares in the company, valued at approximately $3,819,680.55. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bryan Ganz sold 5,495 shares of Byrna Technologies stock in a transaction on Friday, September 20th. The shares were sold at an average price of $17.41, for a total transaction of $95,667.95. Following the completion of the sale, the chief executive officer now owns 432,564 shares of the company’s stock, valued at $7,530,939.24. This represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,424 shares of company stock worth $183,104 in the last 90 days. 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.