UFP Technologies (NASDAQ:UFPT) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of UFP Technologies (NASDAQ:UFPT) from a sell rating to a hold rating in a research note released on Wednesday morning.

UFP Technologies Trading Up 3.1 %

NASDAQ UFPT opened at $254.79 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The stock has a market capitalization of $1.95 billion, a P/E ratio of 36.35 and a beta of 1.04. The firm’s 50-day moving average is $278.88 and its two-hundred day moving average is $300.30. UFP Technologies has a 12 month low of $152.43 and a 12 month high of $366.41.

Insider Buying and Selling

In related 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 value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the completion of the transaction, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,326 shares of company stock valued at $4,620,154. Company insiders own 6.17% of the company’s stock.

Institutional Trading of UFP Technologies

Several institutional investors and hedge funds have recently made changes to their positions in UFPT. GAMMA Investing LLC increased its position in UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after buying an additional 60 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of UFP Technologies by 67.5% during the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 81 shares during the last quarter. KBC Group NV boosted its stake in UFP Technologies by 42.4% during the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 81 shares during the period. Arete Wealth Advisors LLC grew its position in UFP Technologies by 10.9% during the 3rd quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 89 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of UFP Technologies in the third quarter valued at about $32,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

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.