Fmr LLC Grows Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Fmr LLC boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 54.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,178 shares of the industrial products company’s stock after purchasing an additional 416 shares during the period. Fmr LLC’s holdings in UFP Technologies were worth $373,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of UFP Technologies by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 3,600 shares of the industrial products company’s stock worth $950,000 after buying an additional 100 shares during the period. Townsend Asset Management Corp NC ADV acquired a new stake in UFP Technologies during the second quarter worth about $209,000. Catalyst Financial Partners LLC raised its holdings in shares of UFP Technologies by 1.1% in the 2nd quarter. Catalyst Financial Partners LLC now owns 27,965 shares of the industrial products company’s stock worth $7,379,000 after purchasing an additional 308 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of UFP Technologies by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 52,877 shares of the industrial products company’s stock valued at $13,953,000 after purchasing an additional 806 shares in the last quarter. Finally, Legato Capital Management LLC grew its holdings in shares of UFP Technologies by 1.0% during the 2nd quarter. Legato Capital Management LLC now owns 38,660 shares of the industrial products company’s stock worth $10,201,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Monday.

Insiders Place Their Bets

In other UFP Technologies news, VP Jason Holt sold 146 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies 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 $10,807,473.24. This represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock worth $4,620,154 over the last quarter. 6.17% of the stock is owned by corporate insiders.

UFP Technologies Stock Up 1.7 %

Shares of UFP Technologies stock opened at $246.04 on Friday. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 35.10 and a beta of 0.99. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $296.88 and a 200 day moving average price of $301.07.

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.