M&T Bank Corp Decreases Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

M&T Bank Corp lowered its stake in shares of Byrna Technologies Inc. (NASDAQ:BYRN - Free Report) by 32.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,633 shares of the company's stock after selling 55,333 shares during the quarter. M&T Bank Corp owned approximately 0.50% of Byrna Technologies worth $1,929,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BYRN. Barclays PLC grew its holdings in Byrna Technologies by 321.5% during the third quarter. Barclays PLC now owns 24,719 shares of the company's stock valued at $419,000 after purchasing an additional 18,855 shares during the period. State Street Corp lifted its position in shares of Byrna Technologies by 36.9% during the 3rd quarter. State Street Corp now owns 314,315 shares of the company's stock valued at $5,334,000 after buying an additional 84,723 shares during the last quarter. Centiva Capital LP bought a new position in shares of Byrna Technologies during the 3rd quarter worth $286,000. Verition Fund Management LLC increased its holdings in Byrna Technologies by 113.9% in the 3rd quarter. Verition Fund Management LLC now owns 34,018 shares of the company's stock worth $577,000 after acquiring an additional 18,118 shares during the last quarter. Finally, Walleye Capital LLC raised its stake 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 acquiring an additional 665 shares during the period. Hedge funds and other institutional investors own 25.46% of the company's stock.

Insider Buying and Selling at Byrna Technologies

In related news, CFO Laurilee Kearnes purchased 2,000 shares of the business's stock in a transaction on Thursday, October 10th. The stock was acquired at an average price of $14.04 per share, with a total value of $28,080.00. Following the purchase, the chief financial officer now directly owns 2,500 shares in the company, valued at approximately $35,100. This represents a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Wager sold 2,450 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 224,555 shares in the company, valued at $3,819,680.55. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,424 shares of company stock valued at $183,104 in the last three months. Company insiders own 11.08% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BYRN shares. Roth Mkm reiterated a "buy" rating and issued a $20.00 target price on shares of Byrna Technologies in a research note on Wednesday, October 30th. Roth Capital upgraded shares of Byrna Technologies to a "strong-buy" rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $17.75.

Byrna Technologies Stock Performance

NASDAQ BYRN traded down $0.14 during trading hours on Friday, hitting $24.67. The company had a trading volume of 367,286 shares, compared to its average volume of 555,573. The firm has a market capitalization of $561.49 million, a price-to-earnings ratio of 274.14 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 simple moving average of $17.74 and a 200 day simple moving average of $13.90.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last released its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The company had revenue of $20.85 million during 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%. On average, research analysts forecast that Byrna Technologies Inc. will post 0.19 earnings per share for the current year.

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.