Raymond James Financial Inc. Takes Position in Wrap Technologies, Inc. (NASDAQ:WRAP)

Raymond James Financial Inc. purchased a new position in shares of Wrap Technologies, Inc. (NASDAQ:WRAP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 898,905 shares of the company's stock, valued at approximately $1,906,000. Raymond James Financial Inc. owned about 1.96% of Wrap Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Wrap Technologies by 5.2% in the third quarter. Geode Capital Management LLC now owns 344,401 shares of the company's stock worth $517,000 after buying an additional 17,150 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Wrap Technologies in the fourth quarter worth $63,000. Sapient Capital LLC acquired a new stake in Wrap Technologies in the fourth quarter valued at $53,000. Finally, Virtu Financial LLC bought a new position in Wrap Technologies during the 4th quarter valued at $45,000. 8.82% of the stock is owned by hedge funds and other institutional investors.

Wrap Technologies Stock Up 2.0 %

Shares of WRAP traded up $0.03 during midday trading on Friday, hitting $1.56. The company had a trading volume of 76,932 shares, compared to its average volume of 181,862. The company's 50 day moving average price is $1.77 and its 200 day moving average price is $1.82. Wrap Technologies, Inc. has a 52 week low of $1.21 and a 52 week high of $2.58. The stock has a market cap of $78.77 million, a price-to-earnings ratio of -3.71 and a beta of 1.34.

Wrap Technologies (NASDAQ:WRAP - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.17) earnings per share for the quarter. The business had revenue of $0.86 million for the quarter. Wrap Technologies had a negative net margin of 394.21% and a negative return on equity of 480.59%.

Wrap Technologies Profile

Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.