Motley Fool Asset Management LLC Sells 160 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Motley Fool Asset Management LLC reduced its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,680 shares of the industrial products company’s stock after selling 160 shares during the period. Motley Fool Asset Management LLC owned approximately 0.10% of UFP Technologies worth $2,367,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC purchased a new stake in shares of UFP Technologies in the first quarter worth $448,000. Intech Investment Management LLC purchased a new stake in shares of UFP Technologies during the third quarter valued at $1,176,000. Sequoia Financial Advisors LLC purchased a new stake in shares of UFP Technologies during the second quarter valued at $1,214,000. Millennium Management LLC boosted its position in shares of UFP Technologies by 78.8% during the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock valued at $7,047,000 after buying an additional 11,767 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of UFP Technologies by 8.7% during the third quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company’s stock valued at $826,000 after buying an additional 208 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Trading Down 1.8 %

UFP Technologies stock opened at $294.00 on Thursday. 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 one year low of $152.43 and a one year high of $366.41. The stock has a market capitalization of $2.25 billion, a PE ratio of 41.94 and a beta of 0.99. The business’s fifty day moving average is $304.09 and its 200 day moving average is $300.45.

Insider Activity at UFP Technologies

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was 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 directly owns 4,049 shares in the company, valued at $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,326 shares of company stock valued at $4,620,154 over 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.