UFP Technologies (NASDAQ:UFPT) Trading Down 5.1% – Time to Sell?

UFP Technologies, Inc. (NASDAQ:UFPT)’s stock price was down 5.1% during trading on Monday . The stock traded as low as $306.53 and last traded at $306.53. Approximately 36,738 shares were traded during trading, a decline of 40% from the average daily volume of 61,341 shares. The stock had previously closed at $322.92.

UFP Technologies Stock Down 5.6 %

The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $306.26 and its 200-day simple moving average is $299.89. The firm has a market capitalization of $2.34 billion, a P/E ratio of 46.07 and a beta of 0.96.

Insider Activity

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

Hedge Funds Weigh In On UFP Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in UFP Technologies by 1,614.3% during the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 113 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in UFP Technologies during the third quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UFP Technologies during the second quarter worth about $36,000. GAMMA Investing LLC boosted its stake in UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 60 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of UFP Technologies in the third quarter worth approximately $56,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

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.