Shares of UFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report) traded down 6.5% during mid-day trading on Tuesday . The company traded as low as $265.36 and last traded at $264.14. 20,230 shares were traded during mid-day trading, a decline of 80% from the average session volume of 103,708 shares. The stock had previously closed at $282.42.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.
Read Our Latest Stock Analysis on UFP Technologies
UFP Technologies Trading Up 0.6 %
Insider Buying and Selling
In other news, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now owns 4,049 shares in the company, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 13,326 shares of company stock valued at $4,620,154. Insiders own 6.17% of the company’s stock.
Institutional Investors Weigh In On UFP Technologies
Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in UFP Technologies by 144.8% during the third quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock worth $5,136,000 after purchasing an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in UFP Technologies by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock worth $21,250,000 after acquiring an additional 2,842 shares during the period. Intech Investment Management LLC acquired a new position in UFP Technologies in the third quarter valued at approximately $1,176,000. Jane Street Group LLC grew its holdings in shares of UFP Technologies by 32.2% during the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after purchasing an additional 2,822 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of UFP Technologies during the 3rd quarter worth approximately $9,791,000. 87.28% of the stock is owned by institutional investors and hedge funds.
About UFP Technologies
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.
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