UFP Technologies, Inc. (NASDAQ:UFPT) CEO Sells $3,379,978.02 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) CEO R Jeffrey Bailly sold 10,887 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $310.46, for a total value of $3,379,978.02. Following the transaction, the chief executive officer now directly owns 143,970 shares of the company’s stock, valued at $44,696,926.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

UFP Technologies Trading Down 0.0 %

NASDAQ:UFPT opened at $309.93 on Wednesday. The stock has a 50-day simple moving average of $288.72 and a 200-day simple moving average of $245.88. The stock has a market cap of $2.38 billion, a P/E ratio of 49.83 and a beta of 0.95. UFP Technologies, Inc. has a 1 year low of $127.29 and a 1 year high of $335.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 2.87.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their price objective on UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

Institutional Trading of UFP Technologies

A number of large investors have recently made changes to their positions in UFPT. New York State Teachers Retirement System boosted its position in shares of UFP Technologies by 9.1% in the 4th quarter. New York State Teachers Retirement System now owns 2,400 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 200 shares during the period. Mutual of America Capital Management LLC acquired a new stake in shares of UFP Technologies in the 4th quarter valued at about $212,000. Louisiana State Employees Retirement System acquired a new stake in shares of UFP Technologies in the 4th quarter valued at about $602,000. Everence Capital Management Inc. acquired a new stake in shares of UFP Technologies in the 4th quarter valued at about $236,000. Finally, Peterson Wealth Services acquired a new stake in shares of UFP Technologies in the 4th quarter valued at about $204,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Company 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.