UFP Technologies (NASDAQ:UFPT) Downgraded by StockNews.com to Sell

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

UFP Technologies Stock Up 3.8 %

UFPT stock opened at $251.06 on Tuesday. The business has a 50 day moving average of $283.88 and a 200 day moving average of $300.68. The firm has a market cap of $1.93 billion, a PE ratio of 35.81 and a beta of 1.04. UFP Technologies has a twelve month low of $152.43 and a twelve month high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

Insider Transactions at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock valued at $4,620,154 in the last quarter. 6.17% of the stock is owned by insiders.

Institutional Trading of UFP Technologies

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in UFP Technologies by 39.4% during the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after purchasing an additional 26,001 shares during the period. Tidal Investments LLC raised its stake in UFP Technologies by 28.4% during the 3rd quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company’s stock valued at $1,133,000 after buying an additional 792 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of UFP Technologies in the 3rd quarter worth $792,000. Arete Wealth Advisors LLC boosted its stake in shares of UFP Technologies by 10.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock worth $287,000 after buying an additional 89 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in UFP Technologies by 2.0% during the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock valued at $54,799,000 after acquiring an additional 3,333 shares during the last quarter. Hedge funds and other institutional investors own 87.28% 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.