UFP Technologies (NASDAQ:UFPT) Cut to Sell at StockNews.com

StockNews.com downgraded shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research note published on Thursday morning.

UFP Technologies Trading Up 2.3 %

UFPT stock opened at $268.58 on Thursday. The firm has a fifty day moving average price of $270.32 and a 200 day moving average price of $299.07. UFP Technologies has a fifty-two week low of $158.74 and a fifty-two week high of $366.41. The firm has a market cap of $2.06 billion, a PE ratio of 38.31 and a beta of 1.04. 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 Transactions at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the sale, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jason Holt sold 146 shares of UFP Technologies 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 directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. The trade was 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 worth $4,620,154 in the last three months. Insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP grew its holdings in UFP Technologies by 65.4% during 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. Boston Trust Walden Corp purchased a new position in shares of UFP Technologies during the fourth quarter valued at approximately $26,395,000. Assenagon Asset Management S.A. grew its stake in shares of UFP Technologies by 340.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after buying an additional 30,372 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of UFP Technologies in the third quarter worth approximately $9,791,000. Finally, Franklin Resources Inc. lifted its stake in shares of 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 during the last quarter. 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.