Charles Schwab Investment Management Inc. Grows Holdings in Byrna Technologies Inc. (NASDAQ:BYRN)

Charles Schwab Investment Management Inc. increased its holdings in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,958 shares of the company’s stock after acquiring an additional 2,021 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.22% of Byrna Technologies worth $865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BYRN. nVerses Capital LLC purchased a new stake in shares of Byrna Technologies in the 3rd quarter worth approximately $34,000. Quest Partners LLC bought a new stake in Byrna Technologies in the third quarter worth $46,000. Algert Global LLC purchased a new stake in shares of Byrna Technologies in the second quarter worth $131,000. Dimensional Fund Advisors LP raised its position in shares of Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after purchasing an additional 2,976 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in Byrna Technologies in the 2nd quarter worth about $205,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Trading Down 3.9 %

Shares of BYRN opened at $26.35 on Thursday. Byrna Technologies Inc. has a 1-year low of $5.36 and a 1-year high of $28.21. The firm has a market cap of $599.67 million, a PE ratio of 292.81 and a beta of 1.80. The firm has a fifty day simple moving average of $18.36 and a two-hundred day simple moving average of $14.19.

Byrna Technologies (NASDAQ:BYRN) last announced 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. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. The company had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.82 million. As a group, research analysts forecast that Byrna Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Transactions at Byrna Technologies

In other Byrna Technologies news, 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 value of $95,667.95. Following the sale, the chief executive officer now directly owns 432,564 shares in the company, valued at approximately $7,530,939.24. The trade was a 1.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Laurilee Kearnes purchased 2,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was bought at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the purchase, the chief financial officer now 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 disclosure for this purchase can be found here. Insiders have sold 7,974 shares of company stock valued at $141,429 over the last quarter. 11.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on BYRN shares. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $17.75.

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.