Diversify Wealth Management LLC Purchases 241 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Diversify Wealth Management LLC lifted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,310 shares of the industrial products company’s stock after purchasing an additional 241 shares during the period. Diversify Wealth Management LLC’s holdings in UFP Technologies were worth $732,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UFPT. Swedbank AB bought a new position in shares of UFP Technologies in the first quarter worth about $25,220,000. Price T Rowe Associates Inc. MD grew its holdings in shares of UFP Technologies by 2,331.5% in the first 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. Lord Abbett & CO. LLC grew its holdings in shares of UFP Technologies by 83.1% in the first quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock worth $18,791,000 after purchasing an additional 33,806 shares during the last quarter. Norden Group LLC lifted its stake in UFP Technologies by 1,464.8% in the first quarter. Norden Group LLC now owns 31,405 shares of the industrial products company’s stock worth $7,920,000 after acquiring an additional 29,398 shares during the period. Finally, Vanguard Group Inc. lifted its stake in UFP Technologies by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock worth $91,835,000 after acquiring an additional 26,269 shares during the period. 87.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital upped their price objective on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th.

UFP Technologies Stock Down 4.7 %

NASDAQ:UFPT opened at $274.00 on Thursday. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $366.41. The company has a 50-day moving average of $314.44 and a 200 day moving average of $287.78. The firm has a market cap of $2.10 billion, a PE ratio of 42.68 and a beta of 0.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. The company had revenue of $110.18 million during the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the sale, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other UFP Technologies news, CFO Ronald J. Lataille sold 1,598 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $319.37, for a total transaction of $510,353.26. Following the completion of the sale, the chief financial officer now directly owns 57,596 shares of the company’s stock, valued at approximately $18,394,434.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the transaction, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at $13,915,114.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,134 shares of company stock valued at $21,494,247. 6.17% of the stock is currently owned by insiders.

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.