UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia L. Feldmann Sells 647 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

UFP Technologies Trading Down 0.4 %

NASDAQ:UFPT opened at $344.86 on Friday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 49.20 and a beta of 0.96. The company’s 50 day moving average price is $310.32 and its 200-day moving average price is $291.67. UFP Technologies, Inc. has a 52 week low of $133.99 and a 52 week high of $366.41. The company has a quick ratio of 1.63, a current ratio of 2.56 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Congress Asset Management Co. increased its stake in UFP Technologies by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock worth $78,004,000 after buying an additional 986 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in UFP Technologies by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock valued at $27,737,000 after purchasing an additional 2,699 shares during the period. Swedbank AB bought a new position in UFP Technologies in the 1st quarter worth approximately $25,220,000. Mountain Pacific Investment Advisers LLC grew its stake in UFP Technologies by 0.3% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock valued at $29,445,000 after acquiring an additional 238 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its stake in UFP Technologies by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 80,362 shares of the industrial products company’s stock worth $25,450,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.