Jason Holt Sells 100 Shares of UFP Technologies (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) VP Jason Holt sold 100 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $213.58, for a total value of $21,358.00. Following the sale, the vice president owned 7,678 shares of the company’s stock, valued at $1,639,867.24. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

UFP Technologies Trading Up 2.1%

Shares of UFPT opened at $219.44 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.41. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $289.57. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 25.43 and a beta of 1.10. The business’s fifty day moving average is $212.09 and its 200-day moving average is $220.01.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. The business had revenue of $96.97 million for the quarter. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UFPT. Wall Street Zen lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $289.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund grew its holdings in UFP Technologies by 1.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 3,977 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 49 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of UFP Technologies by 37.6% during the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 50 shares during the period. Royce & Associates LP grew its stake in shares of UFP Technologies by 0.7% in the third quarter. Royce & Associates LP now owns 7,511 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 54 shares during the last quarter. Comerica Bank increased its holdings in UFP Technologies by 2.1% in the first quarter. Comerica Bank now owns 2,862 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 58 shares during the period. Finally, Alliance Wealth Advisors LLC UT increased its holdings in UFP Technologies by 2.0% in the first quarter. Alliance Wealth Advisors LLC UT now owns 3,088 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 62 shares during the period. 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.