Cynosure Group LLC Acquires 567 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Cynosure Group LLC raised its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 37.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,065 shares of the industrial products company’s stock after purchasing an additional 567 shares during the quarter. Cynosure Group LLC’s holdings in UFP Technologies were worth $654,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UFPT. Congress Asset Management Co. increased its holdings in UFP Technologies by 0.4% in the third quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock valued at $78,004,000 after purchasing an additional 986 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of UFP Technologies by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock worth $27,737,000 after buying an additional 2,699 shares during the period. Swedbank AB bought a new stake in shares of UFP Technologies in the 1st quarter valued at about $25,220,000. Mountain Pacific Investment Advisers LLC raised its position in shares of UFP Technologies by 0.3% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock valued at $29,445,000 after acquiring an additional 238 shares during the period. Finally, Geneva Capital Management LLC boosted its stake in UFP Technologies by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 80,362 shares of the industrial products company’s stock worth $25,450,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies 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 transaction, the director now owns 4,049 shares in the company, valued at $1,426,462.70. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 31,194 shares of the company’s stock, valued at $10,807,473.24. This represents a 28.66 % 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 over the last three months. 6.17% of the stock is currently owned by corporate insiders.

UFP Technologies Stock Up 3.5 %

Shares of NASDAQ UFPT opened at $321.92 on Thursday. UFP Technologies, Inc. has a 52-week low of $152.43 and a 52-week 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. The stock has a market cap of $2.47 billion, a P/E ratio of 45.92 and a beta of 0.96. The firm has a 50 day moving average price of $307.63 and a 200 day moving average price of $298.77.

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.