Massachusetts Financial Services Co. MA Sells 16,472 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Massachusetts Financial Services Co. MA cut its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 15.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,646 shares of the industrial products company’s stock after selling 16,472 shares during the period. Massachusetts Financial Services Co. MA’s holdings in UFP Technologies were worth $28,074,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in UFPT. Advisors Asset Management Inc. bought a new position in shares of UFP Technologies in the first quarter worth about $35,000. Price T Rowe Associates Inc. MD grew its position in UFP Technologies by 2,331.5% during the first 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 in the last quarter. Tidal Investments LLC acquired a new stake in UFP Technologies during the first quarter worth about $448,000. Swedbank AB acquired a new stake in UFP Technologies during the first quarter worth about $25,220,000. Finally, EverSource Wealth Advisors LLC grew its position in UFP Technologies by 1,614.3% during the first 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 in the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Up 1.0 %

UFPT stock opened at $314.41 on Tuesday. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. The company has a market cap of $2.41 billion, a PE ratio of 44.84 and a beta of 0.96. The business’s 50-day simple moving average is $308.53 and its 200 day simple moving average is $297.87. 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 Buying and Selling

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction that occurred on 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 directly owns 4,049 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction that occurred 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 sale, the vice president now directly owns 6,721 shares in the company, 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 valued at $4,620,154 over the last three months. 6.17% of the stock is owned by corporate 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.