Wasatch Advisors LP Increases Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Wasatch Advisors LP increased its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 65.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,549 shares of the industrial products company’s stock after purchasing an additional 166,262 shares during the period. Wasatch Advisors LP owned 0.05% of UFP Technologies worth $133,188,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of UFPT. Price T Rowe Associates Inc. MD raised its position in shares of UFP Technologies by 2,331.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock worth $10,879,000 after purchasing an additional 41,360 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of UFP Technologies during the 3rd quarter worth approximately $9,791,000. De Lisle Partners LLP raised its position in shares of UFP Technologies by 30.6% during the 3rd quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock worth $21,070,000 after purchasing an additional 15,603 shares during the last quarter. Millennium Management LLC raised its position in shares of UFP Technologies by 78.8% during the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock worth $7,047,000 after purchasing an additional 11,767 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of UFP Technologies during the 2nd quarter worth approximately $2,412,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Trading Up 0.3 %

Shares of UFP Technologies stock opened at $322.92 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 1 year low of $152.43 and a 1 year high of $366.41. The company has a market capitalization of $2.48 billion, a P/E ratio of 46.07 and a beta of 0.96. The business has a 50 day moving average price of $306.26 and a 200 day moving average price of $299.37.

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the transaction, the chief executive officer now directly owns 31,194 shares in the company, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the transaction, the director now owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock worth $4,620,154 in the last ninety days. Insiders own 6.17% of the company’s stock.

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.