Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells $2,131,500.00 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Marc Kozin sold 7,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the transaction, the director directly owned 21,112 shares of the company’s stock, valued at $6,428,604. This represents a 24.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

UFP Technologies Stock Up 0.0%

NASDAQ UFPT opened at $300.05 on Friday. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $338.71. The stock has a market cap of $2.33 billion, a PE ratio of 32.33 and a beta of 1.08. The firm has a 50-day simple moving average of $275.23 and a 200 day simple moving average of $236.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The firm had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. On average, research analysts forecast that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Analysts Set New Price Targets

UFPT has been the subject of a number of recent research reports. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Silvant Capital Management LLC acquired a new stake in UFP Technologies during the second quarter valued at approximately $29,000. Transamerica Financial Advisors LLC acquired a new position in shares of UFP Technologies in the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC acquired a new position in shares of UFP Technologies in the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in shares of UFP Technologies by 1,291.7% during the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock worth $44,000 after buying an additional 155 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares during the period. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.