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

StockNews.com cut shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a report published on Tuesday morning.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $251.06 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies has a 52-week low of $152.43 and a 52-week high of $366.41. The company has a fifty day moving average of $283.88 and a 200-day moving average of $300.68. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 35.81 and a beta of 1.04.

Insider Transactions at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the transaction, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,326 shares of company stock worth $4,620,154. Company insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

A number of large investors have recently made changes to their positions in UFPT. Franklin Resources Inc. raised its holdings in shares of UFP Technologies by 39.4% during the third 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 in the last quarter. Tidal Investments LLC lifted its position in shares of UFP Technologies by 28.4% in the 3rd quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 792 shares during the period. World Investment Advisors LLC bought a new stake in shares of UFP Technologies during the 3rd quarter valued at about $792,000. Arete Wealth Advisors LLC increased its position in shares of UFP Technologies by 10.9% during the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock valued at $287,000 after buying an additional 89 shares during the period. Finally, Geode Capital Management LLC raised its stake in UFP Technologies by 2.0% in the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock worth $54,799,000 after buying an additional 3,333 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

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.