Thrivent Financial for Lutherans Has $1.81 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Thrivent Financial for Lutherans trimmed its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,725 shares of the industrial products company’s stock after selling 133 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of UFP Technologies worth $1,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in UFP Technologies by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock valued at $536,000 after buying an additional 38 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its stake in UFP Technologies by 2.9% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 41 shares during the last quarter. Millington Financial Advisors LLC raised its stake in UFP Technologies by 0.4% during the 2nd quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company’s stock valued at $3,361,000 after purchasing an additional 51 shares during the last quarter. GAMMA Investing LLC grew its position in UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of UFP Technologies by 1.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company’s stock worth $1,569,000 after purchasing an additional 61 shares during the period. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Stock Up 3.5 %

Shares of UFPT opened at $321.92 on Friday. 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 company has a 50-day simple moving average of $306.97 and a 200-day simple moving average of $298.93. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41. The firm has a market capitalization of $2.47 billion, a P/E ratio of 45.92 and a beta of 0.96.

Insider Buying and Selling at UFP Technologies

In related news, VP Jason Holt sold 146 shares of the stock in a transaction dated 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 transaction, the vice president now owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $4,342,183.18. Following the sale, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock valued at $4,620,154 in the last quarter. Corporate insiders own 6.17% of the company’s stock.

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.