Calamos Advisors LLC Sells 6,891 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Calamos Advisors LLC lowered its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 58.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,927 shares of the industrial products company’s stock after selling 6,891 shares during the quarter. Calamos Advisors LLC owned approximately 0.06% of UFP Technologies worth $1,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UFPT. Boston Trust Walden Corp acquired a new position in shares of UFP Technologies during the 4th quarter worth approximately $26,395,000. Swedbank AB raised its position in shares of UFP Technologies by 33.3% in the fourth quarter. Swedbank AB now owns 80,000 shares of the industrial products company’s stock valued at $19,561,000 after purchasing an additional 20,000 shares during the period. KBC Group NV boosted its holdings in shares of UFP Technologies by 37.9% during the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company’s stock worth $92,000 after buying an additional 103 shares during the period. Tributary Capital Management LLC bought a new position in UFP Technologies in the 4th quarter valued at about $122,000. Finally, Inspire Investing LLC lifted its position in UFP Technologies by 29.9% during the fourth quarter. Inspire Investing LLC now owns 1,681 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 387 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $285.04 on Thursday. UFP Technologies, Inc. has a 52 week low of $167.71 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 firm’s 50-day simple moving average is $265.90 and its 200 day simple moving average is $297.11. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 40.66 and a beta of 1.04.

Analyst Ratings Changes

Separately, StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

Insiders Place Their Bets

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the company’s 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 approximately $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jason Holt sold 146 shares of the stock in a transaction 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 completion of the transaction, the vice president now 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 quarter. Corporate insiders own 6.17% of the company’s stock.

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.