Cornerstone Investment Partners LLC Purchases Shares of 9,892 Byrna Technologies Inc. (NASDAQ:BYRN)

Cornerstone Investment Partners LLC purchased a new stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,892 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds have also added to or reduced their stakes in BYRN. GSA Capital Partners LLP lifted its holdings in Byrna Technologies by 86.6% during the 3rd quarter. GSA Capital Partners LLP now owns 59,608 shares of the company’s stock valued at $1,012,000 after purchasing an additional 27,662 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Byrna Technologies during the third quarter worth $46,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Byrna Technologies by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after buying an additional 2,021 shares in the last quarter. FMR LLC lifted its holdings in shares of Byrna Technologies by 47.9% during the third quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after buying an additional 548,670 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Byrna Technologies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock worth $183,000 after buying an additional 6,061 shares in the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Insider Transactions at Byrna Technologies

In related news, insider Luan Pham sold 33,483 shares of the business’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 owns 19,148 shares of the company’s stock, valued at $578,078.12. The trade was a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Wager sold 12,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $29.38, for a total value of $367,250.00. Following the completion of the transaction, the insider now directly owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

Byrna Technologies Stock Performance

BYRN opened at $24.21 on Tuesday. Byrna Technologies Inc. has a fifty-two week low of $7.79 and a fifty-two week high of $34.78. The company has a market capitalization of $548.28 million, a P/E ratio of 44.83 and a beta of 1.65. The stock has a fifty day moving average of $29.08 and a 200-day moving average of $21.32.

Byrna Technologies (NASDAQ:BYRN – Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. On average, equities research analysts predict that Byrna Technologies Inc. will post 0.28 earnings per share for the current fiscal year.

About Byrna Technologies

(Free Report)

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.

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