Cynosure Group LLC Buys 567 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Cynosure Group LLC lifted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 37.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,065 shares of the industrial products company’s stock after purchasing an additional 567 shares during the quarter. Cynosure Group LLC’s holdings in UFP Technologies were worth $654,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swedbank AB bought a new stake in UFP Technologies during the first quarter worth about $25,220,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of UFP Technologies by 2,331.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock worth $10,879,000 after acquiring an additional 41,360 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of UFP Technologies in the 3rd quarter worth approximately $9,791,000. Millennium Management LLC grew its position in UFP Technologies by 78.8% during the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock worth $7,047,000 after acquiring an additional 11,767 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in UFP Technologies during the 2nd quarter valued at $2,412,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Buying and Selling

In other news, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the sale, the vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock worth $4,620,154 in the last 90 days. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Price Performance

UFP Technologies stock opened at $321.92 on Thursday. The business’s fifty day moving average is $307.63 and its two-hundred day moving average is $298.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a market cap of $2.47 billion, a P/E ratio of 45.92 and a beta of 0.96. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41.

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.