Byrna Technologies Inc. (NASDAQ:BYRN) Position Lessened by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 81.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the company’s stock after selling 130,000 shares during the period. Federated Hermes Inc. owned about 0.14% of Byrna Technologies worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BYRN. Raymond James Financial Services Advisors Inc. increased its position in Byrna Technologies by 55.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company’s stock worth $127,000 after buying an additional 20,138 shares during the last quarter. Wealthspire Advisors LLC increased its position in Byrna Technologies by 3.7% during the third quarter. Wealthspire Advisors LLC now owns 563,079 shares of the company’s stock worth $1,261,000 after buying an additional 20,000 shares during the last quarter. Finally, Raymond James & Associates increased its position in Byrna Technologies by 286.4% during the fourth quarter. Raymond James & Associates now owns 127,592 shares of the company’s stock worth $815,000 after buying an additional 94,575 shares during the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Byrna Technologies Stock Performance

Shares of NASDAQ:BYRN opened at $13.68 on Monday. The company has a market cap of $311.08 million, a P/E ratio of -48.86 and a beta of 1.75. The stock’s 50-day moving average is $13.06 and its 200-day moving average is $8.79. Byrna Technologies Inc. has a 52-week low of $2.19 and a 52-week high of $15.34.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Friday, April 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.12. The company had revenue of $16.65 million for the quarter, compared to the consensus estimate of $16.65 million. Byrna Technologies had a negative return on equity of 13.16% and a negative net margin of 11.83%. As a group, equities analysts predict that Byrna Technologies Inc. will post -0.02 EPS for the current year.

Insider Activity at Byrna Technologies

In related news, insider Herbert Hughes sold 5,229 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.03, for a total value of $62,904.87. Following the completion of the sale, the insider now owns 137,416 shares in the company, valued at $1,653,114.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $17.00 target price (up from $14.00) on shares of Byrna Technologies in a research report on Monday, April 8th. LADENBURG THALM/SH SH increased their target price on shares of Byrna Technologies from $12.75 to $16.25 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, TheStreet raised Byrna Technologies from a “d+” rating to a “c-” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.50.

Byrna Technologies 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.