UFP Technologies, Inc. (NASDAQ:UFPT – Get 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
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
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.
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