UFP Technologies, Inc. (NASDAQ:UFPT) CFO Ronald J. Lataille sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $43.95, for a total transaction of $241,725.00.
UFPT stock traded down $0.89 during midday trading on Thursday, reaching $43.96. The company had a trading volume of 356 shares, compared to its average volume of 22,978. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.00 and a quick ratio of 2.10. UFP Technologies, Inc. has a 1 year low of $27.80 and a 1 year high of $46.42. The company has a market capitalization of $316.45 million, a P/E ratio of 20.93 and a beta of 0.59. The firm has a 50-day moving average price of $41.16 and a 200-day moving average price of $40.43.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of UFP Technologies by 17.2% in the second quarter. BlackRock Inc. now owns 419,673 shares of the industrial products company’s stock valued at $17,462,000 after acquiring an additional 61,634 shares in the last quarter. Vanguard Group Inc. grew its stake in UFP Technologies by 13.9% in the 2nd quarter. Vanguard Group Inc. now owns 391,778 shares of the industrial products company’s stock valued at $16,301,000 after buying an additional 47,901 shares during the last quarter. FMR LLC grew its stake in UFP Technologies by 61.0% in the 1st quarter. FMR LLC now owns 202,001 shares of the industrial products company’s stock valued at $7,555,000 after buying an additional 76,557 shares during the last quarter. Polar Asset Management Partners Inc. grew its stake in UFP Technologies by 302.9% in the 2nd quarter. Polar Asset Management Partners Inc. now owns 201,071 shares of the industrial products company’s stock valued at $8,367,000 after buying an additional 151,161 shares during the last quarter. Finally, GW&K Investment Management LLC acquired a new position in UFP Technologies in the 2nd quarter valued at about $6,814,000. Hedge funds and other institutional investors own 74.27% of the company’s stock.
UFP Technologies Company Profile
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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