UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN reduced its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 766 shares of the industrial products company’s stock after selling 47 shares during the quarter. OLD National Bancorp IN’s holdings in UFP Technologies were worth $243,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UFPT. EverSource Wealth Advisors LLC boosted its position in UFP Technologies by 1,614.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 113 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of UFP Technologies in the first quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UFP Technologies in the second quarter valued at about $36,000. GAMMA Investing LLC raised its holdings in shares of UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after buying an additional 60 shares during the period. Finally, Rothschild Investment LLC acquired a new position in UFP Technologies during the 2nd quarter worth approximately $195,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Up 1.2 %

Shares of UFP Technologies stock opened at $279.67 on Thursday. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $366.41. The company has a market capitalization of $2.15 billion, a PE ratio of 44.96 and a beta of 0.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63. The business has a 50-day moving average of $318.13 and a 200-day moving average of $286.30.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%. The firm had revenue of $110.18 million during the quarter.

Insider Buying and Selling

In other news, CEO R Jeffrey Bailly sold 10,887 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $310.46, for a total value of $3,379,978.02. Following the sale, the chief executive officer now owns 143,970 shares in the company, valued at approximately $44,696,926.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO R Jeffrey Bailly sold 10,887 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the sale, the chief executive officer now directly owns 143,970 shares of the company’s stock, valued at approximately $44,696,926.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ronald J. Lataille sold 11,466 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the transaction, the chief financial officer now owns 46,130 shares in the company, valued at $13,915,114.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,134 shares of company stock worth $21,494,247. Insiders own 6.17% of the company’s stock.

Wall Street Analyst Weigh In

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

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.