UFP Technologies, Inc. (NASDAQ:UFPT) CEO R Jeffrey Bailly Sells 19,231 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPTGet Rating) CEO R Jeffrey Bailly sold 19,231 shares of the stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $117.15, for a total value of $2,252,911.65. Following the sale, the chief executive officer now owns 151,660 shares of the company’s stock, valued at approximately $17,766,969. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

R Jeffrey Bailly also recently made the following trade(s):

  • On Tuesday, November 8th, R Jeffrey Bailly sold 8,633 shares of UFP Technologies stock. The shares were sold at an average price of $115.90, for a total value of $1,000,564.70.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $117.30 on Tuesday. The firm has a market capitalization of $889.02 million, a price-to-earnings ratio of 24.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.19 and a quick ratio of 1.31. The business has a fifty day moving average of $95.73 and a 200 day moving average of $87.05. UFP Technologies, Inc. has a 1 year low of $56.10 and a 1 year high of $119.85.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on UFP Technologies in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Institutional Investors Weigh In On UFP Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in UFP Technologies during the 3rd quarter worth about $213,000. BNP Paribas Arbitrage SNC grew its position in UFP Technologies by 54.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,396 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 848 shares during the period. Neuberger Berman Group LLC grew its position in UFP Technologies by 19.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 649,087 shares of the industrial products company’s stock worth $55,718,000 after purchasing an additional 104,082 shares during the period. Alliancebernstein L.P. grew its position in UFP Technologies by 22.9% during the 3rd quarter. Alliancebernstein L.P. now owns 4,300 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 800 shares during the period. Finally, State Street Corp grew its position in UFP Technologies by 7.9% during the 3rd quarter. State Street Corp now owns 156,687 shares of the industrial products company’s stock worth $13,450,000 after purchasing an additional 11,467 shares during the period. 83.23% of the stock is owned by institutional investors and hedge funds.

About UFP Technologies

(Get Rating)

UFP Technologies, Inc designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.

Featured Articles

Receive News & Ratings for UFP Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies and related companies with MarketBeat.com's FREE daily email newsletter.