UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,294 shares of the industrial products company’s stock after selling 55 shares during the period. Inspire Investing LLC’s holdings in UFP Technologies were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of UFPT. Contravisory Investment Management Inc. acquired a new stake in shares of UFP Technologies in the third quarter valued at approximately $224,000. Mountain Pacific Investment Advisers LLC grew its holdings in UFP Technologies by 0.3% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock valued at $29,445,000 after buying an additional 238 shares in the last quarter. Fulton Bank N.A. purchased a new stake in UFP Technologies in the 3rd quarter valued at $222,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 60 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of UFP Technologies during the 2nd quarter worth $585,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $302.43 on Friday. UFP Technologies, Inc. has a 52 week low of $127.29 and a 52 week high of $366.41. The stock’s fifty day moving average is $319.84 and its two-hundred day moving average is $285.34. The company has a market capitalization of $2.32 billion, a P/E ratio of 47.11 and a beta of 0.93. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%. The firm had revenue of $110.18 million for the quarter.

Insider Transactions at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 10,887 shares of UFP Technologies stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total value of $3,379,978.02. Following the completion of the sale, the chief executive officer now owns 143,970 shares in the company, valued at approximately $44,696,926.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO R Jeffrey Bailly sold 10,887 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the completion of the transaction, the chief executive officer now directly owns 143,970 shares in the company, valued at $44,696,926.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ronald J. Lataille sold 1,598 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $319.37, for a total transaction of $510,353.26. Following the sale, the chief financial officer now owns 57,596 shares in the company, valued at $18,394,434.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,134 shares of company stock worth $21,494,247. 6.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Lake Street Capital lifted their target price on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th.

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.