Atria Investments Inc Lowers Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Atria Investments Inc reduced its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,389 shares of the industrial products company’s stock after selling 119 shares during the quarter. Atria Investments Inc’s holdings in UFP Technologies were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UFPT. EverSource Wealth Advisors LLC lifted its holdings in shares of UFP Technologies by 1,614.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock valued at $30,000 after buying an additional 113 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies in the 3rd quarter valued at approximately $32,000. Advisors Asset Management Inc. acquired a new stake in shares of UFP Technologies in the 1st quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UFP Technologies in the 2nd quarter valued at approximately $36,000. Finally, GAMMA Investing LLC lifted its holdings in shares of UFP Technologies by 77.9% in 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 period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Stock Up 2.9 %

UFPT opened at $298.79 on Thursday. 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 business has a 50 day simple moving average of $308.56 and a 200-day simple moving average of $296.78. The stock has a market capitalization of $2.29 billion, a P/E ratio of 42.62 and a beta of 0.96. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41.

Insider Buying and Selling

In related news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the completion of the transaction, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ronald J. Lataille sold 2,392 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $329.04, for a total value of $787,063.68. Following the transaction, the chief financial officer now directly owns 38,940 shares of the company’s stock, valued at $12,812,817.60. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,718 shares of company stock valued at $5,407,218. 6.17% of the stock is owned by insiders.

UFP Technologies 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.