Oak Ridge Investments LLC Purchases 2,950 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Oak Ridge Investments LLC lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 52.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,576 shares of the industrial products company’s stock after buying an additional 2,950 shares during the quarter. Oak Ridge Investments LLC owned about 0.11% of UFP Technologies worth $2,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UFPT. Public Employees Retirement System of Ohio grew its holdings in UFP Technologies by 144.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock worth $5,136,000 after acquiring an additional 9,593 shares during the period. Charles Schwab Investment Management Inc. grew its stake in UFP Technologies by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock worth $21,250,000 after purchasing an additional 2,842 shares during the period. Intech Investment Management LLC bought a new stake in UFP Technologies in the third quarter worth approximately $1,176,000. Jane Street Group LLC boosted its holdings in shares of UFP Technologies by 32.2% during the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock worth $3,668,000 after buying an additional 2,822 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of UFP Technologies during the 3rd quarter worth approximately $9,791,000. Institutional investors own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the completion of the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jason Holt sold 146 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the completion of the sale, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,326 shares of company stock valued at $4,620,154 over the last ninety days. 6.17% of the stock is owned by company insiders.

UFP Technologies Stock Up 1.1 %

UFPT stock opened at $265.04 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. The stock’s 50 day simple moving average is $275.61 and its 200 day simple moving average is $299.98. The company has a market cap of $2.03 billion, a P/E ratio of 37.81 and a beta of 1.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday.

UFP Technologies Company Profile

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.