Crossmark Global Holdings Inc. Purchases New Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Crossmark Global Holdings Inc. acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 638 shares of the industrial products company’s stock, valued at approximately $202,000.

Other hedge funds have also recently bought and sold shares of the company. Portside Wealth Group LLC raised its position in shares of UFP Technologies by 11.1% during the third quarter. Portside Wealth Group LLC now owns 1,875 shares of the industrial products company’s stock worth $594,000 after acquiring an additional 187 shares during the last quarter. Oak Ridge Investments LLC bought a new stake in UFP Technologies during the 3rd quarter worth about $1,782,000. Congress Asset Management Co. lifted its position in UFP Technologies by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock valued at $78,004,000 after purchasing an additional 986 shares during the period. Diversify Wealth Management LLC boosted its stake in shares of UFP Technologies by 11.6% in the 3rd quarter. Diversify Wealth Management LLC now owns 2,310 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 241 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of UFP Technologies by 8.7% during the third quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company’s stock worth $826,000 after buying an additional 208 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at $10,807,473.24. This represents a 28.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ronald J. Lataille sold 4,798 shares of UFP Technologies stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $330.44, for a total transaction of $1,585,451.12. Following the transaction, the chief financial officer now directly owns 41,332 shares in the company, valued at $13,657,746.08. The trade was a 10.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,516 shares of company stock valued at $6,992,669 in the last 90 days. 6.17% of the stock is owned by company insiders.

UFP Technologies Trading Down 5.4 %

Shares of NASDAQ UFPT opened at $278.94 on Tuesday. UFP Technologies, Inc. has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. The firm has a market capitalization of $2.14 billion, a P/E ratio of 41.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company’s 50 day simple moving average is $309.51 and its 200 day simple moving average is $296.42.

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.