Short Interest in Utah Medical Products, Inc. (NASDAQ:UTMD) Drops By 16.0%

Utah Medical Products, Inc. (NASDAQ:UTMD) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 59,800 shares, a decline of 16.0% from the June 30th total of 71,200 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is currently 3.2 days.

Institutional Trading of Utah Medical Products

A number of hedge funds have recently bought and sold shares of UTMD. Northwest Financial Advisors acquired a new position in shares of Utah Medical Products during the fourth quarter valued at about $25,000. Allspring Global Investments Holdings LLC bought a new position in Utah Medical Products during the second quarter valued at about $83,000. EntryPoint Capital LLC raised its holdings in Utah Medical Products by 124.1% in the 1st quarter. EntryPoint Capital LLC now owns 3,240 shares of the medical instruments supplier’s stock valued at $230,000 after acquiring an additional 1,794 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Utah Medical Products in the 2nd quarter worth approximately $307,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Utah Medical Products by 101.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,766 shares of the medical instruments supplier’s stock worth $317,000 after purchasing an additional 1,899 shares in the last quarter. 69.60% of the stock is owned by institutional investors.

Utah Medical Products Stock Down 1.0 %

Shares of UTMD stock opened at $68.77 on Tuesday. Utah Medical Products has a 12 month low of $65.62 and a 12 month high of $98.96. The firm has a market cap of $242.76 million, a PE ratio of 15.28 and a beta of 0.06. The stock has a 50 day moving average of $68.17 and a 200-day moving average of $70.55.

Utah Medical Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, June 14th. Utah Medical Products’s payout ratio is currently 26.67%.

Utah Medical Products Company Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.