SCHEDULE: FMR LLC Boosts Byrna Technologies Stake to 15%
Beneficial Ownership Report (Schedule 13G Amendment)
FMR LLC and Abigail P. Johnson have reported a 15.0% beneficial ownership stake in Byrna Technologies Inc., holding over 3.39 million common shares.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 3,393,309.19 shares of Byrna Technologies Inc. common stock.
- This ownership represents 15.0% of the total outstanding common stock of Byrna Technologies Inc.
- The filing is an Amendment No. 3 to Schedule 13G, with the ownership stake measured as of June 30, 2025.
- Fidelity Tactical High Income Fund, an entity within the FMR LLC group, holds 1,913,664.00 shares, accounting for 8.4% of the total outstanding common stock.
- FMR LLC holds sole voting power over 3,392,575.00 shares and sole dispositive power over 3,393,309.19 shares.
- Abigail P. Johnson holds sole dispositive power over 3,393,309.19 shares.
Sentiment
Score: 7
Explanation: The filing is a routine beneficial ownership disclosure, indicating a significant and stable institutional stake. It does not contain performance data, but the continued large holding by FMR LLC suggests ongoing confidence in the company.
Positives
- Significant institutional ownership by FMR LLC and its affiliates, indicating a notable vote of confidence in Byrna Technologies Inc.
- Fidelity Tactical High Income Fund's substantial stake of 8.4% highlights a specific fund's significant investment within the FMR group.
Future Outlook
NA
Management Comments
- Securities referred to were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This filing indicates continued institutional interest in the non-lethal defense and security sector, as represented by Byrna Technologies Inc. Large asset managers like FMR LLC often take significant positions in companies they believe have strong growth potential or strategic value within their respective industries.
Stakeholder Impact
- Shareholders: Provides transparency on a significant institutional holder, potentially signaling stability and institutional confidence in the company.
- Management: Awareness of a large, stable institutional investor holding a substantial stake.
Key Dates
| Date | Description |
|---|---|
| 2023-05-23 | Effective date of Power of Attorney for Richard Bourgelas, authorizing him to sign on behalf of FMR LLC and Abigail P. Johnson. |
| 2023-08-08 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-002397) where the Power of Attorney was incorporated by reference. |
| 2025-06-30 | Date of event which requires the filing of this statement, representing the measurement date for the reported ownership. |
| 2025-08-05 | Date of signing of the Schedule 13G Amendment No. 3. |
Keywords
Byrna Technologies, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Fidelity
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