UFP Technologies, Inc. (NASDAQ:UFPT) Stock Holdings Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,852 shares of the industrial products company’s stock after selling 1,346 shares during the quarter. Janus Henderson Group PLC owned about 0.31% of UFP Technologies worth $7,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP increased 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 purchasing an additional 166,262 shares during the period. Eagle Asset Management Inc. bought a new position in UFP Technologies in the 3rd quarter worth approximately $9,791,000. De Lisle Partners LLP increased its position in UFP Technologies by 30.6% in the 3rd quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock valued at $21,070,000 after acquiring an additional 15,603 shares during the period. Millennium Management LLC raised its stake in UFP Technologies by 78.8% during the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock valued at $7,047,000 after acquiring an additional 11,767 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in UFP Technologies during the 2nd quarter worth $2,412,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $286.46 on Monday. The stock has a market cap of $2.20 billion, a P/E ratio of 40.86 and a beta of 0.99. The firm’s 50-day simple moving average is $302.69 and its 200 day simple moving average is $301.18. UFP Technologies, Inc. has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

Insiders Place Their Bets

In related news, CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 31,194 shares in the company, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jason Holt sold 146 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the sale, the vice president now owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is owned by corporate insiders.

UFP Technologies 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.