Truvestments Capital LLC Takes Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Truvestments Capital LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the third quarter, according to its most recent filing with the SEC. The firm purchased 177 shares of the industrial products company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UFPT. Advisors Asset Management Inc. purchased a new position in UFP Technologies during the 1st quarter worth $35,000. Price T Rowe Associates Inc. MD grew its stake in UFP Technologies by 2,331.5% during 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. Tidal Investments LLC purchased a new position in UFP Technologies during the 1st quarter worth $448,000. Swedbank AB purchased a new position in UFP Technologies during the 1st quarter worth $25,220,000. Finally, EverSource Wealth Advisors LLC grew its stake in UFP Technologies by 1,614.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after buying an additional 113 shares during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Stock Up 3.5 %

Shares of UFPT stock opened at $321.92 on Thursday. UFP Technologies, Inc. has a 1-year low of $152.43 and a 1-year high of $366.41. The stock’s fifty day moving average price is $307.95 and its 200 day moving average price is $298.60. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 44.36 and a beta of 0.96.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the business’s 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 sale, the director now owns 4,049 shares in the company, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is currently owned by insiders.

UFP Technologies 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.