UFP Technologies, Inc. (NASDAQ:UFPT) VP Sells $50,032.74 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

UFP Technologies Trading Down 0.2 %

Shares of UFP Technologies stock traded down $0.60 on Friday, hitting $308.85. 9,579 shares of the company’s stock traded hands, compared to its average volume of 61,081. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 44.14 and a beta of 0.96. The company has a fifty day moving average of $310.39 and a two-hundred day moving average of $294.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a one year low of $152.43 and a one year high of $366.41.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP raised its stake in shares of UFP Technologies by 65.4% in the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after buying an additional 166,262 shares during the period. Congress Asset Management Co. boosted its position in UFP Technologies by 0.4% during the third quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock worth $78,004,000 after purchasing an additional 986 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of UFP Technologies by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock worth $27,737,000 after purchasing an additional 2,699 shares in the last quarter. Swedbank AB bought a new stake in shares of UFP Technologies in the first quarter valued at approximately $25,220,000. Finally, Mountain Pacific Investment Advisers LLC boosted its holdings in UFP Technologies by 0.3% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock worth $29,445,000 after buying an additional 238 shares during the period. Institutional investors own 87.28% of the company’s stock.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.