UFP Technologies (NASDAQ:UFPT) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a report published on Monday morning.

UFP Technologies Stock Down 4.5 %

UFP Technologies stock opened at $246.98 on Monday. The stock has a market cap of $1.90 billion, a PE ratio of 35.23 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The stock has a fifty day moving average of $300.47 and a 200 day moving average of $302.02. UFP Technologies has a one year low of $152.43 and a one year high of $366.41.

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the sale, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their position. The transaction 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 company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the completion of the transaction, the vice president now owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UFPT. Wasatch Advisors LP raised its holdings in UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after acquiring an additional 166,262 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of UFP Technologies during the third quarter worth about $9,791,000. Franklin Resources Inc. raised its stake in UFP Technologies by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after purchasing an additional 26,001 shares during the period. De Lisle Partners LLP lifted its holdings in UFP Technologies by 30.6% in the 3rd quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock worth $21,070,000 after purchasing an additional 15,603 shares in the last quarter. Finally, Millennium Management LLC boosted 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 worth $7,047,000 after purchasing an additional 11,767 shares during the period. Institutional investors own 87.28% of the company’s stock.

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.