Tributary Capital Management LLC Invests $122,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

Tributary Capital Management LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 500 shares of the industrial products company’s stock, valued at approximately $122,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UFPT. American Century Companies Inc. raised its holdings in shares of UFP Technologies by 16.7% during the second quarter. American Century Companies Inc. now owns 9,212 shares of the industrial products company’s stock valued at $2,431,000 after acquiring an additional 1,320 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in UFP Technologies by 94.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,401 shares of the industrial products company’s stock valued at $3,272,000 after purchasing an additional 6,027 shares during the last quarter. Hsbc Holdings PLC purchased a new position in UFP Technologies in the 2nd quarter valued at $214,000. Sei Investments Co. boosted its stake in UFP Technologies by 14.4% during the 2nd quarter. Sei Investments Co. now owns 5,524 shares of the industrial products company’s stock worth $1,457,000 after purchasing an additional 697 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of UFP Technologies by 52.8% during the second quarter. ProShare Advisors LLC now owns 2,182 shares of the industrial products company’s stock worth $576,000 after buying an additional 754 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday.

UFP Technologies Stock Performance

Shares of UFP Technologies stock opened at $268.58 on Friday. The business’s 50 day moving average price is $270.32 and its 200 day moving average price is $299.07. The company has a market cap of $2.06 billion, a price-to-earnings 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. UFP Technologies, Inc. has a one year low of $158.74 and a one year high of $366.41.

Insiders Place Their Bets

In other news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the sale, the director now owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction that occurred 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 sale, the chief executive officer now directly 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. Insiders sold 13,326 shares of company stock valued at $4,620,154 in the last three months. 6.17% of the stock is currently owned by insiders.

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.