Vestcor Inc Has $371,000 Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Vestcor Inc boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 119.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,173 shares of the industrial products company’s stock after buying an additional 639 shares during the quarter. Vestcor Inc’s holdings in UFP Technologies were worth $371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of UFP Technologies by 390.6% in the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company’s stock valued at $4,098,000 after purchasing an additional 10,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in UFP Technologies by 144.8% in the third quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock valued at $5,136,000 after purchasing an additional 9,593 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in UFP Technologies during the third quarter worth about $262,000. MML Investors Services LLC acquired a new stake in UFP Technologies during the third quarter worth about $219,000. Finally, Jane Street Group LLC increased its holdings in UFP Technologies by 32.2% in the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after buying an additional 2,822 shares during the period. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $258.62 on Friday. The firm has a 50 day moving average of $300.47 and a 200-day moving average of $301.45. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. 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 has a market capitalization of $1.98 billion, a PE ratio of 36.89 and a beta of 0.99.

Insider Buying and Selling at UFP Technologies

In related news, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock worth $4,620,154 over the last three months. 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.