Utah Medical Products, Inc. (NASDAQ:UTMD) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its holdings in Utah Medical Products, Inc. (NASDAQ:UTMD) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,998 shares of the medical instruments supplier’s stock after selling 268 shares during the period. Sanctuary Advisors LLC owned 0.18% of Utah Medical Products worth $392,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UTMD. Martingale Asset Management L P lifted its holdings in shares of Utah Medical Products by 5.3% during the 3rd quarter. Martingale Asset Management L P now owns 3,968 shares of the medical instruments supplier’s stock worth $266,000 after acquiring an additional 201 shares during the period. Bard Associates Inc. raised its stake in Utah Medical Products by 1.1% during the third quarter. Bard Associates Inc. now owns 19,781 shares of the medical instruments supplier’s stock worth $1,329,000 after purchasing an additional 224 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Utah Medical Products by 102.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,117 shares of the medical instruments supplier’s stock valued at $75,000 after purchasing an additional 566 shares during the last quarter. State Street Corp grew its stake in shares of Utah Medical Products by 0.9% during the 3rd quarter. State Street Corp now owns 80,856 shares of the medical instruments supplier’s stock valued at $5,434,000 after buying an additional 694 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in shares of Utah Medical Products during the 3rd quarter worth $53,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Utah Medical Products from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th.

Utah Medical Products Stock Up 0.2 %

Shares of UTMD stock opened at $61.58 on Friday. Utah Medical Products, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $87.00. The firm’s 50 day moving average price is $64.58 and its two-hundred day moving average price is $66.44. The stock has a market cap of $208.88 million, a price-to-earnings ratio of 14.42 and a beta of 0.08.

Utah Medical Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a $0.305 dividend. This is an increase from Utah Medical Products’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Monday, December 16th. Utah Medical Products’s dividend payout ratio is currently 28.57%.

About Utah Medical Products

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.