New York Life Investment Management LLC Cuts Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

New York Life Investment Management LLC lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPTFree Report) by 13.7% in the third quarter, HoldingsChannel.com reports. The firm owned 2,738 shares of the industrial products company’s stock after selling 436 shares during the period. New York Life Investment Management LLC’s holdings in UFP Technologies were worth $442,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC grew 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 acquiring an additional 1,161 shares in the last quarter. Rothschild & Co. Asset Management US Inc. increased its stake in UFP Technologies by 0.9% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 23,735 shares of the industrial products company’s stock worth $1,571,000 after buying an additional 211 shares during the period. Loomis Sayles & Co. L P lifted its holdings in UFP Technologies by 36.0% during the 1st quarter. Loomis Sayles & Co. L P now owns 108,739 shares of the industrial products company’s stock worth $7,195,000 after buying an additional 28,768 shares in the last quarter. State Street Corp boosted its position in UFP Technologies by 8.4% in the 1st quarter. State Street Corp now owns 136,040 shares of the industrial products company’s stock valued at $9,002,000 after buying an additional 10,555 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of UFP Technologies by 6.5% in the first quarter. Wellington Management Group LLP now owns 219,674 shares of the industrial products company’s stock worth $14,536,000 after acquiring an additional 13,479 shares in the last quarter. Institutional investors and hedge funds own 84.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a report on Saturday. KeyCorp assumed coverage on shares of UFP Technologies in a report on Tuesday. They issued a “sector weight” rating on the stock.

Get Our Latest Stock Analysis on UFPT

Insider Buying and Selling at UFP Technologies

In other news, CEO R Jeffrey Bailly sold 1,300 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $175.16, for a total value of $227,708.00. Following the completion of the transaction, the chief executive officer now owns 90,254 shares in the company, valued at approximately $15,808,890.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 24,325 shares of company stock worth $4,368,737 over the last three months. Insiders own 7.80% of the company’s stock.

UFP Technologies Trading Up 1.1 %

UFPT opened at $174.72 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 2.48. UFP Technologies, Inc. has a one year low of $103.64 and a one year high of $205.08. The company has a market cap of $1.33 billion, a P/E ratio of 32.12 and a beta of 0.77. The business’s 50-day simple moving average is $170.62 and its 200-day simple moving average is $166.19.

UFP Technologies Company Profile

(Free Report)

UFP Technologies, Inc designs, engineers, 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 orthopedic implants, orthopedic appliances, 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.

See Also

Want to see what other hedge funds are holding UFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UFP Technologies, Inc. (NASDAQ:UFPTFree Report).

Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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