Wrap Technologies, Inc. (NASDAQ:WRAP) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its position in Wrap Technologies, Inc. (NASDAQ:WRAP) by 57.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,656 shares of the company’s stock after purchasing an additional 10,827 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Wrap Technologies worth $44,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Wrap Technologies by 11.0% during the first quarter. Vanguard Group Inc. now owns 1,221,563 shares of the company’s stock worth $2,761,000 after purchasing an additional 120,764 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Wrap Technologies in the second quarter valued at $90,000. Virtu Financial LLC purchased a new position in Wrap Technologies in the first quarter worth approximately $98,000. SG Americas Securities LLC acquired a new stake in Wrap Technologies in the first quarter valued at $42,000. Finally, Main Street Financial Solutions LLC lifted its stake in Wrap Technologies by 16.1% during the second quarter. Main Street Financial Solutions LLC now owns 71,941 shares of the company’s stock worth $144,000 after purchasing an additional 10,000 shares during the last quarter. 8.82% of the stock is currently owned by institutional investors and hedge funds.

Wrap Technologies Price Performance

NASDAQ WRAP opened at $1.59 on Tuesday. Wrap Technologies, Inc. has a 12 month low of $1.21 and a 12 month high of $7.01. The company has a market capitalization of $72.95 million, a price-to-earnings ratio of -3.79 and a beta of 1.51. The firm’s fifty day moving average price is $1.56 and its 200 day moving average price is $1.60.

Wrap Technologies (NASDAQ:WRAP) last announced its earnings results on Tuesday, October 15th. The company reported ($0.02) 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 $1.57 million during the quarter.

Insider Activity

In other Wrap Technologies news, major shareholder Elwood G. Norris sold 22,186 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $1.63, for a total value of $36,163.18. Following the completion of the sale, the insider now owns 938,539 shares of the company’s stock, valued at approximately $1,529,818.57. This trade represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 40,000 shares of company stock valued at $64,337 over the last quarter. Corporate insiders own 18.57% of the company’s stock.

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.