Virtu Financial LLC Invests $207,000 in Utah Medical Products, Inc. (NASDAQ:UTMD)

Virtu Financial LLC purchased a new stake in shares of Utah Medical Products, Inc. (NASDAQ:UTMD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,088 shares of the medical instruments supplier’s stock, valued at approximately $207,000. Virtu Financial LLC owned about 0.09% of Utah Medical Products at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UTMD. Dimensional Fund Advisors LP increased its stake in shares of Utah Medical Products by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 170,310 shares of the medical instruments supplier’s stock worth $11,378,000 after purchasing an additional 8,700 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in Utah Medical Products by 66.2% in the second quarter. Brandes Investment Partners LP now owns 116,524 shares of the medical instruments supplier’s stock worth $7,789,000 after purchasing an additional 46,427 shares in the last quarter. Geode Capital Management LLC increased its position in Utah Medical Products by 9.6% during the third quarter. Geode Capital Management LLC now owns 97,080 shares of the medical instruments supplier’s stock worth $6,497,000 after buying an additional 8,516 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Utah Medical Products by 128.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 89,010 shares of the medical instruments supplier’s stock valued at $5,956,000 after buying an additional 50,030 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in shares of Utah Medical Products by 24.3% in the third quarter. Rice Hall James & Associates LLC now owns 83,338 shares of the medical instruments supplier’s stock worth $5,576,000 after buying an additional 16,297 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Utah Medical Products Trading Down 0.8 %

NASDAQ UTMD opened at $62.00 on Thursday. Utah Medical Products, Inc. has a 1 year low of $61.48 and a 1 year high of $87.00. The company has a fifty day simple moving average of $65.07 and a 200 day simple moving average of $66.67. The company has a market cap of $210.30 million, a P/E ratio of 14.52 and a beta of 0.08.

Utah Medical Products Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.97%. This is a boost from Utah Medical Products’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, December 16th. Utah Medical Products’s dividend payout ratio is 28.57%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Utah Medical Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th.

Utah Medical Products Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.