Chesapeake Capital Corp IL Increases Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Chesapeake Capital Corp IL increased its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 28.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,578 shares of the industrial products company’s stock after purchasing an additional 792 shares during the quarter. UFP Technologies accounts for 1.1% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 17th largest position. Chesapeake Capital Corp IL’s holdings in UFP Technologies were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Tidal Investments LLC purchased a new position in UFP Technologies during the 1st quarter valued at about $448,000. Price T Rowe Associates Inc. MD increased its holdings in UFP Technologies by 2,331.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock valued at $10,879,000 after acquiring an additional 41,360 shares in the last quarter. Sei Investments Co. increased its holdings in UFP Technologies by 171.8% during the 1st quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company’s stock valued at $1,217,000 after acquiring an additional 3,051 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in UFP Technologies during the 2nd quarter valued at about $1,214,000. Finally, Millennium Management LLC increased its holdings 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 valued at $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 Stock Performance

NASDAQ:UFPT opened at $294.93 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $309.51 and a two-hundred day moving average price of $295.37. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. The company has a market capitalization of $2.26 billion, a P/E ratio of 42.07 and a beta of 0.96.

Insiders Place Their Bets

In other UFP Technologies news, CFO Ronald J. Lataille sold 4,798 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $330.44, for a total transaction of $1,585,451.12. Following the sale, the chief financial officer now directly owns 41,332 shares of the company’s stock, valued at $13,657,746.08. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the sale, the director now directly owns 4,049 shares in the company, valued at $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 have sold 26,426 shares of company stock valued at $8,932,331 in the last ninety days. Insiders own 6.17% 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.