UFP Technologies (NASDAQ:UFPT) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of UFP Technologies (NASDAQ:UFPT) from a sell rating to a hold rating in a research note released on Tuesday.

UFP Technologies Trading Up 1.0 %

UFPT stock opened at $254.62 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 36.32 and a beta of 0.99. The business has a fifty day simple moving average of $291.92 and a 200-day simple moving average of $301.34. UFP Technologies has a 52 week low of $152.43 and a 52 week high of $366.41.

Insider Buying and Selling

In other news, VP Jason Holt sold 146 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the sale, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the transaction, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UFPT. Arizona State Retirement System boosted its stake in UFP Technologies by 1.9% in the second quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock valued at $536,000 after acquiring an additional 38 shares during the period. Morgan Dempsey Capital Management LLC boosted its holdings in shares of UFP Technologies by 2.9% during the second quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 41 shares during the period. Millington Financial Advisors LLC grew its stake in UFP Technologies by 0.4% in the second quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company’s stock valued at $3,361,000 after purchasing an additional 51 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in UFP Technologies by 67.5% during the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

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.