Insider Selling: UFP Technologies, Inc. (NASDAQ:UFPT) Director Sells 6,846 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

UFP Technologies Price Performance

Shares of UFPT opened at $215.37 on Thursday. The firm has a market capitalization of $1.65 billion, a PE ratio of 30.72 and a beta of 1.04. The company’s 50-day moving average is $254.82 and its 200-day moving average is $287.66. UFP Technologies, Inc. has a fifty-two week low of $188.50 and a fifty-two week high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.45. The company had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Hedge Funds Weigh In On UFP Technologies

Large investors have recently modified their holdings of the stock. AlphaQuest LLC bought a new position in shares of UFP Technologies in the fourth quarter valued at about $25,000. Johnson Financial Group Inc. bought a new position in UFP Technologies during the fourth quarter worth about $42,000. Truvestments Capital LLC bought a new position in UFP Technologies during the third quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. increased its position in UFP Technologies by 97.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 133 shares during the period. Finally, KBC Group NV increased its position in UFP Technologies by 42.4% during the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 81 shares during the period. 87.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

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.