Raymond James Financial Inc. Purchases Shares of 898,905 Wrap Technologies, Inc. (NASDAQ:WRAP)

Raymond James Financial Inc. purchased a new position in Wrap Technologies, Inc. (NASDAQ:WRAP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 898,905 shares of the company’s stock, valued at approximately $1,906,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sapient Capital LLC acquired a new position in shares of Wrap Technologies in the 4th quarter valued at $53,000. FNY Investment Advisers LLC purchased a new stake in Wrap Technologies during the 4th quarter valued at about $63,000. Finally, Geode Capital Management LLC increased its holdings 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 valued at $517,000 after purchasing an additional 17,150 shares during the period. 8.82% of the stock is currently owned by institutional investors and hedge funds.

Wrap Technologies Stock Down 10.0 %

Shares of NASDAQ:WRAP opened at $1.71 on Tuesday. 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 $78.46 million, a price-to-earnings ratio of -4.07 and a beta of 1.37. The business has a 50-day moving average price of $2.08 and a 200-day moving average price of $1.82.

Wrap Technologies (NASDAQ:WRAP) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.17) earnings per share (EPS) for the quarter. Wrap Technologies had a negative return on equity of 480.59% and a negative net margin of 394.21%.

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.