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

Vestcor Inc increased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 119.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in UFP Technologies in the 3rd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UFP Technologies in the second quarter worth $36,000. GAMMA Investing LLC grew its stake in shares of UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Truvestments Capital LLC acquired a new stake in UFP Technologies in the third quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC raised its position in UFP Technologies by 67.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Down 3.9 %

NASDAQ UFPT opened at $258.62 on Friday. The firm has a market capitalization of $1.98 billion, a PE ratio of 36.89 and a beta of 0.99. The business’s 50-day moving average price is $300.47 and its two-hundred day moving average price is $301.45. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41.

Insider Buying and Selling

In related news, VP Jason Holt sold 146 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the transaction, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the company’s 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 sale, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock valued at $4,620,154 over the last ninety days. 6.17% of the stock is owned by company 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.