UFP Technologies (NASDAQ:UFPT) Raised to Hold at StockNews.com

UFP Technologies (NASDAQ:UFPT) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $252.00 on Tuesday. The firm’s fifty day moving average is $293.26 and its two-hundred day moving average is $301.68. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 35.95 and a beta of 0.99. UFP Technologies has a one year low of $152.43 and a one year high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

Insider Buying and Selling

In other UFP Technologies news, VP Jason Holt sold 146 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the sale, the chief executive officer now owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock worth $4,620,154 in the last 90 days. Insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

A number of hedge funds have recently modified their holdings of UFPT. Wasatch Advisors LP boosted its holdings in UFP Technologies by 65.4% in the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after purchasing an additional 166,262 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of UFP Technologies in the 3rd quarter valued at about $9,791,000. Franklin Resources Inc. grew its holdings in UFP Technologies by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock worth $28,904,000 after acquiring an additional 26,001 shares in the last quarter. De Lisle Partners LLP raised its stake in UFP Technologies by 30.6% in the third quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock valued at $21,070,000 after buying an additional 15,603 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Company 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.