Insider Selling: UFP Technologies, Inc. (NASDAQ:UFPT) VP Sells 146 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

UFP Technologies Stock Performance

UFPT stock traded down $5.43 during trading hours on Thursday, reaching $309.45. The stock had a trading volume of 66,069 shares, compared to its average volume of 61,318. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.56 and a quick ratio of 1.43. UFP Technologies, Inc. has a fifty-two week low of $151.38 and a fifty-two week high of $366.41. The stock has a 50-day simple moving average of $310.39 and a 200 day simple moving average of $294.76. The stock has a market capitalization of $2.37 billion, a PE ratio of 44.75 and a beta of 0.96.

Institutional Investors Weigh In On UFP Technologies

A number of large investors have recently bought and sold shares of UFPT. EverSource Wealth Advisors LLC boosted its holdings in UFP Technologies by 1,614.3% in the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 113 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in UFP Technologies in the third quarter worth approximately $32,000. Advisors Asset Management Inc. acquired a new position in shares of UFP Technologies during the first quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UFP Technologies during the 2nd quarter valued at $36,000. Finally, GAMMA Investing LLC lifted its holdings in shares of UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital upped their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

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.