Eagle Asset Management Inc. Acquires Shares of 28,390 UFP Technologies, Inc. (NASDAQ:UFPT)

Eagle Asset Management Inc. bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,390 shares of the industrial products company’s stock, valued at approximately $9,791,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tidal Investments LLC acquired a new position in UFP Technologies during the first quarter worth $448,000. Price T Rowe Associates Inc. MD boosted its holdings in 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 buying an additional 41,360 shares during the last quarter. Sei Investments Co. increased its stake 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 worth $1,217,000 after buying an additional 3,051 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of UFP Technologies during the second quarter valued at approximately $1,214,000. Finally, Millennium Management LLC lifted its position in shares of UFP Technologies by 78.8% in the second 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.

Insiders Place Their Bets

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock valued at $4,620,154 in the last 90 days. 6.17% of the stock is owned by insiders.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT opened at $311.27 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 1 year low of $152.43 and a 1 year high of $366.41. The firm has a market capitalization of $2.39 billion, a PE ratio of 44.40 and a beta of 0.96. The business’s 50 day moving average price is $308.53 and its 200-day moving average price is $297.24.

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.