UFP Technologies (NASDAQ:UFPT) Cut to Sell at StockNews.com

StockNews.com downgraded shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research report released on Thursday morning.

UFP Technologies Stock Performance

Shares of UFPT opened at $268.58 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.06 billion, a P/E ratio of 38.31 and a beta of 1.04. The business’s 50 day moving average price is $270.32 and its 200-day moving average price is $299.07. UFP Technologies has a 52 week low of $158.74 and a 52 week high of $366.41.

Insider Activity

In other news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the sale, the director now owns 4,049 shares in the company, valued at $1,426,462.70. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jason Holt sold 146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock worth $4,620,154 over the last three months. 6.17% of the stock is currently owned by corporate insiders.

Institutional Trading of UFP Technologies

A number of institutional investors have recently made changes to their positions in UFPT. Wasatch Advisors LP lifted its holdings in shares of UFP Technologies by 65.4% during the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after buying an additional 166,262 shares during the period. Boston Trust Walden Corp purchased a new stake in UFP Technologies during the fourth quarter valued at $26,395,000. Assenagon Asset Management S.A. lifted its holdings in UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after acquiring an additional 30,372 shares during the period. Eagle Asset Management Inc. purchased a new position in UFP Technologies in the third quarter worth about $9,791,000. Finally, Franklin Resources Inc. grew its position in shares of UFP Technologies by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after acquiring an additional 26,001 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

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.