GSA Capital Partners LLP Boosts Stock Position in Wrap Technologies, Inc. (NASDAQ:WRAP)

GSA Capital Partners LLP raised its position in Wrap Technologies, Inc. (NASDAQ:WRAP) by 57.5% during the third quarter, Holdings Channel.com reports. The firm owned 29,656 shares of the company’s stock after buying an additional 10,827 shares during the period. GSA Capital Partners LLP’s holdings in Wrap Technologies were worth $44,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Main Street Financial Solutions LLC raised its position in shares of Wrap Technologies by 16.1% in the second quarter. Main Street Financial Solutions LLC now owns 71,941 shares of the company’s stock valued at $144,000 after buying an additional 10,000 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Wrap Technologies during the first quarter worth approximately $42,000. Virtu Financial LLC purchased a new stake in Wrap Technologies in the 1st quarter worth approximately $98,000. Wealthspire Advisors LLC acquired a new position in Wrap Technologies in the 2nd quarter valued at $90,000. Finally, Vanguard Group Inc. lifted its stake in shares of Wrap Technologies by 11.0% during the 1st 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 period. 8.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Elwood G. Norris sold 22,186 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $1.63, for a total transaction of $36,163.18. Following the completion of the transaction, the insider now owns 938,539 shares of the company’s stock, valued at approximately $1,529,818.57. This represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 40,000 shares of company stock valued at $64,337. Insiders own 18.57% of the company’s stock.

Wrap Technologies Stock Up 8.2 %

Shares of NASDAQ:WRAP opened at $1.59 on Tuesday. The company has a market cap of $72.95 million, a P/E ratio of -3.79 and a beta of 1.51. The business has a fifty day simple moving average of $1.56 and a 200-day simple moving average of $1.60. Wrap Technologies, Inc. has a 52 week low of $1.21 and a 52 week high of $7.01.

Wrap Technologies (NASDAQ:WRAP) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.02) 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%. The business had revenue of $1.57 million during the quarter.

Wrap Technologies Company 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.