Jason Holt Sells 146 Shares of UFP Technologies, Inc. (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) VP Jason Holt sold 146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the transaction, the vice president now owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT traded down $5.43 during midday trading on Thursday, hitting $309.45. The company had a trading volume of 66,069 shares, compared to its average volume of 61,318. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 44.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.56 and a quick ratio of 1.43. UFP Technologies, Inc. has a twelve month low of $151.38 and a twelve month high of $366.41. The business’s 50-day simple moving average is $310.39 and its 200-day simple moving average is $294.76.

Analyst Ratings Changes

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

Institutional Trading of UFP Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in UFP Technologies by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock worth $536,000 after buying an additional 38 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its holdings in shares of UFP Technologies by 2.9% during the second quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 41 shares during the period. Millington Financial Advisors LLC raised its position in UFP Technologies by 0.4% during the second quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company’s stock valued at $3,361,000 after buying an additional 51 shares during the period. GAMMA Investing LLC increased its stake in UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after buying an additional 60 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of UFP Technologies by 1.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company’s stock valued at $1,569,000 after buying an additional 61 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

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.