Core Wealth Partners LLC Takes $26,000 Position in Wrap Technologies, Inc. (NASDAQ:WRAP)

Core Wealth Partners LLC purchased a new position in shares of Wrap Technologies, Inc. (NASDAQ:WRAP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,400 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Security Advisor Inc. grew its stake in Wrap Technologies by 31.1% during the first quarter. Financial Security Advisor Inc. now owns 31,049 shares of the company’s stock worth $70,000 after buying an additional 7,361 shares in the last quarter. Symmetry Peak Management LLC bought a new stake in shares of Wrap Technologies during the 4th quarter worth $66,000. Meridian Wealth Management LLC boosted its stake in Wrap Technologies by 61.6% in the fourth quarter. Meridian Wealth Management LLC now owns 29,500 shares of the company’s stock valued at $91,000 after buying an additional 11,250 shares in the last quarter. Welch Group LLC bought a new position in Wrap Technologies in the fourth quarter valued at about $218,000. Finally, Griffin Asset Management Inc. acquired a new position in Wrap Technologies during the fourth quarter worth about $57,000. 8.82% of the stock is currently owned by institutional investors and hedge funds.

Wrap Technologies Stock Down 3.7 %

WRAP traded down $0.07 during midday trading on Thursday, hitting $1.82. 88,184 shares of the company were exchanged, compared to its average volume of 255,359. The firm’s 50 day moving average price is $1.61 and its 200-day moving average price is $2.53. Wrap Technologies, Inc. has a 1-year low of $1.21 and a 1-year high of $7.01. The firm has a market capitalization of $80.46 million, a P/E ratio of -4.79 and a beta of 1.57.

Insider Transactions at Wrap Technologies

In other Wrap Technologies news, Director Kevin W. Mullins sold 12,730 shares of Wrap Technologies stock in a transaction on Monday, June 24th. The shares were sold at an average price of $2.10, for a total value of $26,733.00. Following the completion of the sale, the director now directly owns 483,421 shares of the company’s stock, valued at $1,015,184.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 14.75% of the company’s stock.

About Wrap Technologies

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.