Mutual of America Capital Management LLC Trims Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Mutual of America Capital Management LLC lessened its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,097 shares of the industrial products company’s stock after selling 63 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UFP Technologies were worth $347,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new position in UFP Technologies in the first quarter valued at about $448,000. Price T Rowe Associates Inc. MD grew its stake in UFP Technologies by 2,331.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock valued at $10,879,000 after acquiring an additional 41,360 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of UFP Technologies in the second quarter worth approximately $1,214,000. Millennium Management LLC raised its stake in UFP Technologies by 78.8% in the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock valued at $7,047,000 after purchasing an additional 11,767 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in UFP Technologies by 8.7% in the 3rd quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company’s stock valued at $826,000 after purchasing an additional 208 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction that occurred on 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 owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The transaction 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 the business’s stock in a transaction on Tuesday, November 12th. The stock was 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 in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is owned by insiders.

UFP Technologies Trading Up 3.5 %

Shares of UFPT opened at $321.92 on Friday. The firm’s fifty day moving average is $306.97 and its two-hundred day moving average is $298.93. The stock has a market cap of $2.47 billion, a PE ratio of 45.92 and a beta of 0.96. 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 52-week low of $152.43 and a 52-week high of $366.41.

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.