UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 77.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,049 shares of the industrial products company’s stock after selling 3,552 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in UFP Technologies were worth $332,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UFPT. Vanguard Group Inc. lifted its stake in UFP Technologies by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock valued at $91,835,000 after buying an additional 26,269 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in UFP Technologies by 221.7% during the 1st quarter. Congress Wealth Management LLC DE now owns 34,672 shares of the industrial products company’s stock worth $8,744,000 after acquiring an additional 23,895 shares during the period. Norden Group LLC boosted its position in UFP Technologies by 1,464.8% during the 1st quarter. Norden Group LLC now owns 31,405 shares of the industrial products company’s stock worth $7,920,000 after acquiring an additional 29,398 shares during the period. Diversify Advisory Services LLC acquired a new stake in UFP Technologies during the 1st quarter worth about $430,000. Finally, Peterson Wealth Services boosted its position in UFP Technologies by 182.5% during the 1st quarter. Peterson Wealth Services now owns 3,356 shares of the industrial products company’s stock worth $846,000 after acquiring an additional 2,168 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In related news, CFO Ronald J. Lataille sold 2,392 shares of the firm’s stock in a transaction dated 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 owns 38,940 shares in the company, valued at $12,812,817.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Ronald J. Lataille sold 1,598 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $319.37, for a total transaction of $510,353.26. Following the sale, the chief financial officer now owns 57,596 shares of the company’s stock, valued at $18,394,434.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ronald J. Lataille sold 2,392 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $329.04, for a total value of $787,063.68. Following the sale, the chief financial officer now directly owns 38,940 shares in the company, valued at approximately $12,812,817.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,134 shares of company stock worth $21,494,247 over the last 90 days. Insiders own 6.17% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their price target on UFP Technologies from $344.00 to $392.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

UFP Technologies Stock Performance

UFP Technologies stock opened at $278.90 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63. The stock has a fifty day moving average price of $316.24 and a two-hundred day moving average price of $287.01. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $366.41. The firm has a market capitalization of $2.14 billion, a P/E ratio of 43.44 and a beta of 0.93.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. The company had revenue of $110.18 million for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%.

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.