Principal Financial Group Inc. Sells 851 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Principal Financial Group Inc. reduced its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,664 shares of the industrial products company’s stock after selling 851 shares during the quarter. Principal Financial Group Inc. owned 0.49% of UFP Technologies worth $11,928,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Arizona State Retirement System grew its position in UFP Technologies by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock worth $536,000 after acquiring an additional 38 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of UFP Technologies by 2.9% in 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 last quarter. Millington Financial Advisors LLC increased its stake in shares of 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 worth $3,361,000 after buying an additional 51 shares during the period. GAMMA Investing LLC raised its holdings in UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after buying an additional 60 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in UFP Technologies by 1.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company’s stock valued at $1,569,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $294.93 on Monday. The firm has a market cap of $2.26 billion, a PE ratio of 42.07 and a beta of 0.96. The company’s fifty day simple moving average is $309.51 and its two-hundred day simple moving average is $295.99. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 12-month low of $152.43 and a 12-month high of $366.41.

Insider Buying and Selling

In other news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the transaction, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jason Holt sold 146 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the transaction, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,516 shares of company stock valued at $6,992,669 over the last ninety days. 6.17% of the stock is owned by insiders.

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.