Eagle Asset Management Inc. Makes New Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

Eagle Asset Management Inc. acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 28,390 shares of the industrial products company’s stock, valued at approximately $9,791,000. Eagle Asset Management Inc. owned 0.37% of UFP Technologies at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UFPT. Charles Schwab Investment Management Inc. lifted its position in UFP Technologies by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock worth $21,250,000 after acquiring an additional 2,842 shares during the period. HealthInvest Partners AB lifted its holdings in shares of UFP Technologies by 84.2% during the third quarter. HealthInvest Partners AB now owns 18,048 shares of the industrial products company’s stock worth $5,716,000 after purchasing an additional 8,248 shares during the period. Intech Investment Management LLC purchased a new stake in UFP Technologies in the third quarter valued at approximately $1,176,000. Moran Wealth Management LLC boosted its position in UFP Technologies by 19.2% in the third quarter. Moran Wealth Management LLC now owns 2,908 shares of the industrial products company’s stock valued at $921,000 after buying an additional 468 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in UFP Technologies by 39.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company’s stock worth $130,000 after buying an additional 116 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at UFP Technologies

In other news, 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 transaction of $50,032.74. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the transaction, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock worth $4,620,154 over the last three months. Company insiders own 6.17% of the company’s stock.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT opened at $311.27 on Friday. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 44.40 and a beta of 0.96. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. The company has a 50 day simple moving average of $308.53 and a two-hundred day simple moving average of $297.24. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

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.