Diversify Wealth Management LLC Increases Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Diversify Wealth Management LLC increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,310 shares of the industrial products company’s stock after buying an additional 241 shares during the quarter. Diversify Wealth Management LLC’s holdings in UFP Technologies were worth $732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in UFP Technologies by 1,614.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after buying an additional 113 shares during the period. Northwest Investment Counselors LLC acquired a new position in UFP Technologies in the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. acquired a new position in UFP Technologies in the 1st quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in UFP Technologies in the 2nd quarter worth approximately $36,000. Finally, GAMMA Investing LLC increased its holdings in UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In other news, CEO R Jeffrey Bailly sold 1,083 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $310.36, for a total transaction of $336,119.88. Following the sale, the chief executive officer now owns 139,341 shares of the company’s stock, valued at $43,245,872.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO R Jeffrey Bailly sold 1,083 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $310.36, for a total transaction of $336,119.88. Following the transaction, the chief executive officer now owns 139,341 shares in the company, valued at $43,245,872.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ronald J. Lataille sold 2,392 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $329.04, for a total value of $787,063.68. Following the transaction, the chief financial officer now owns 38,940 shares in the company, valued at $12,812,817.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,134 shares of company stock valued at $21,494,247 in the last 90 days. 6.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Lake Street Capital increased their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $274.00 on Thursday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 42.68 and a beta of 0.93. UFP Technologies, Inc. has a 12 month low of $127.29 and a 12 month high of $366.41. The firm’s 50 day simple moving average is $314.44 and its 200-day simple moving average is $287.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. The business had revenue of $110.18 million for the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%.

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.