Raymond James Financial Inc. Takes $1.91 Million Position in Wrap Technologies, Inc. (NASDAQ:WRAP)

Raymond James Financial Inc. acquired a new stake in shares of Wrap Technologies, Inc. (NASDAQ:WRAP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 898,905 shares of the company's stock, valued at approximately $1,906,000. Raymond James Financial Inc. owned 1.96% of Wrap Technologies at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Wrap Technologies during the 4th quarter valued at approximately $45,000. Sapient Capital LLC bought a new position in Wrap Technologies in the 4th quarter valued at $53,000. FNY Investment Advisers LLC bought a new stake in shares of Wrap Technologies during the fourth quarter valued at approximately $63,000. Finally, Geode Capital Management LLC raised its holdings in shares of Wrap Technologies by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 344,401 shares of the company's stock valued at $517,000 after purchasing an additional 17,150 shares in the last quarter. Hedge funds and other institutional investors own 8.82% of the company's stock.

Wrap Technologies Trading Down 2.7 %

Shares of NASDAQ:WRAP traded down $0.04 on Wednesday, reaching $1.46. The company had a trading volume of 71,466 shares, compared to its average volume of 179,335. The firm's 50 day simple moving average is $1.74 and its 200-day simple moving average is $1.81. Wrap Technologies, Inc. has a 52-week low of $1.21 and a 52-week high of $2.58. The firm has a market capitalization of $73.81 million, a PE ratio of -3.48 and a beta of 1.38.

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

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.