Insider Selling: UFP Technologies, Inc. (NASDAQ:UFPT) Director Sells 15,333 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPTGet Rating) Director Thomas Oberdorf sold 15,333 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $116.97, for a total transaction of $1,793,501.01. Following the sale, the director now owns 28,737 shares of the company’s stock, valued at approximately $3,361,366.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $118.02 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 2.19. The stock has a market capitalization of $894.59 million, a P/E ratio of 24.64 and a beta of 0.72. The company has a 50 day moving average price of $97.27 and a 200 day moving average price of $87.79. UFP Technologies, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $119.85.

Hedge Funds Weigh In On UFP Technologies

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in UFP Technologies by 105.2% in the 1st quarter. Victory Capital Management Inc. now owns 105,679 shares of the industrial products company’s stock valued at $6,993,000 after buying an additional 54,190 shares during the period. Diamond Hill Capital Management Inc. boosted its position in UFP Technologies by 36.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 85,544 shares of the industrial products company’s stock valued at $5,660,000 after buying an additional 22,947 shares during the period. Acadian Asset Management LLC boosted its position in UFP Technologies by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 22,594 shares of the industrial products company’s stock valued at $1,492,000 after buying an additional 620 shares during the period. MetLife Investment Management LLC boosted its position in UFP Technologies by 57.2% in the 1st quarter. MetLife Investment Management LLC now owns 3,189 shares of the industrial products company’s stock valued at $211,000 after buying an additional 1,161 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in UFP Technologies by 2.8% in the 1st quarter. Panagora Asset Management Inc. now owns 46,002 shares of the industrial products company’s stock valued at $3,044,000 after buying an additional 1,238 shares during the period. Hedge funds and other institutional investors own 83.23% of the company’s stock.

Wall Street Analyst Weigh In

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

UFP Technologies Company Profile

(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.

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