MetLife Investment Management LLC Purchases 6,061 Shares of Byrna Technologies Inc. (NASDAQ:BYRN)

MetLife Investment Management LLC increased its position in shares of Byrna Technologies Inc. (NASDAQ:BYRN) by 129.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,756 shares of the company’s stock after acquiring an additional 6,061 shares during the period. MetLife Investment Management LLC’s holdings in Byrna Technologies were worth $183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Byrna Technologies in the third quarter worth $34,000. Charles Schwab Investment Management Inc. boosted its position in shares of Byrna Technologies by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock worth $865,000 after purchasing an additional 2,021 shares in the last quarter. Quest Partners LLC purchased a new position in Byrna Technologies during the 3rd quarter worth $46,000. Dimensional Fund Advisors LP increased its position in Byrna Technologies by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after buying an additional 2,976 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Byrna Technologies in the second quarter valued at about $131,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Byrna Technologies Stock Performance

Shares of BYRN opened at $18.92 on Tuesday. The stock has a 50-day moving average of $17.23 and a two-hundred day moving average of $13.57. The stock has a market cap of $430.62 million, a P/E ratio of 210.25 and a beta of 1.80. Byrna Technologies Inc. has a one year low of $5.11 and a one year high of $22.12.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Wednesday, October 9th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. The firm had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.82 million. Analysts predict that Byrna Technologies Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In other news, CEO Bryan Ganz sold 5,495 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $17.41, for a total value of $95,667.95. Following the sale, the chief executive officer now owns 432,564 shares in the company, valued at $7,530,939.24. This represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Wager sold 2,450 shares of Byrna Technologies stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $17.01, for a total value of $41,674.50. Following the transaction, the insider now owns 224,555 shares of the company’s stock, valued at approximately $3,819,680.55. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,474 shares of company stock valued at $183,954 in the last ninety days. Insiders own 11.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BYRN shares. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. 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. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $17.75.

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.