UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia L. Feldmann Sells 647 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

UFP Technologies Price Performance

UFPT opened at $344.86 on Friday. The firm has a market capitalization of $2.65 billion, a PE ratio of 49.20 and a beta of 0.96. The business’s 50-day moving average is $310.32 and its two-hundred day moving average is $291.67. UFP Technologies, Inc. has a 1 year low of $133.99 and a 1 year high of $366.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.56 and a quick ratio of 1.63.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Swedbank AB purchased a new stake in UFP Technologies in the 1st quarter worth approximately $25,220,000. Price T Rowe Associates Inc. MD lifted its position in shares of UFP Technologies by 2,331.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock valued at $10,879,000 after acquiring an additional 41,360 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in UFP Technologies by 83.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock valued at $18,791,000 after purchasing an additional 33,806 shares during the last quarter. Scout Investments Inc. purchased a new position in UFP Technologies during the first quarter worth approximately $5,778,000. Finally, Millennium Management LLC boosted its stake in UFP Technologies by 78.8% during the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock worth $7,047,000 after buying an additional 11,767 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital boosted their price objective on UFP Technologies from $344.00 to $392.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

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.