Raymond James Financial Inc. Takes $121,000 Position in VirTra, Inc. (NASDAQ:VTSI)

Raymond James Financial Inc. bought a new position in shares of VirTra, Inc. (NASDAQ:VTSI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,863 shares of the company’s stock, valued at approximately $121,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTSI. BNP Paribas Financial Markets increased its position in VirTra by 32.3% in the third quarter. BNP Paribas Financial Markets now owns 5,035 shares of the company’s stock worth $31,000 after purchasing an additional 1,229 shares during the last quarter. Wolverine Trading LLC bought a new position in VirTra during the third quarter valued at $76,000. Barclays PLC raised its stake in shares of VirTra by 34.3% in the third quarter. Barclays PLC now owns 15,028 shares of the company’s stock valued at $94,000 after acquiring an additional 3,837 shares during the period. Janus Henderson Group PLC lifted its stake in shares of VirTra by 28.4% during the 3rd quarter. Janus Henderson Group PLC now owns 17,705 shares of the company’s stock worth $110,000 after acquiring an additional 3,920 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of VirTra by 16.7% during the fourth quarter. Bank of New York Mellon Corp now owns 21,094 shares of the company’s stock valued at $142,000 after purchasing an additional 3,022 shares during the period. Institutional investors own 14.69% of the company’s stock.

VirTra Stock Up 2.2 %

Shares of VirTra stock opened at $4.27 on Friday. VirTra, Inc. has a 52-week low of $3.88 and a 52-week high of $17.68. The firm’s 50 day moving average price is $5.34 and its 200-day moving average price is $6.24. The company has a quick ratio of 3.46, a current ratio of 5.02 and a debt-to-equity ratio of 0.17. The company has a market cap of $48.08 million, a P/E ratio of 8.21 and a beta of 0.44.

VirTra (NASDAQ:VTSI) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). VirTra had a net margin of 18.24% and a return on equity of 13.01%. The company had revenue of $4.70 million for the quarter, compared to analysts’ expectations of $7.45 million. On average, sell-side analysts predict that VirTra, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital dropped their price target on VirTra from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 28th.

VirTra Profile

VirTra, Inc provides use of force training and firearms training simulators for the law enforcement, military, and commercial markets worldwide. Its patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations.