Atria Investments Inc Reduces Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Atria Investments Inc lowered its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 7.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,389 shares of the industrial products company’s stock after selling 119 shares during the period. Atria Investments Inc’s holdings in UFP Technologies were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of UFP Technologies in the first quarter valued at $448,000. Price T Rowe Associates Inc. MD grew its position 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 valued at $10,879,000 after purchasing an additional 41,360 shares during the period. Sei Investments Co. grew its position in shares of UFP Technologies by 171.8% in the first quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company’s stock valued at $1,217,000 after purchasing an additional 3,051 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of UFP Technologies in the second quarter valued at $1,214,000. Finally, Millennium Management LLC grew its position in shares of UFP Technologies by 78.8% in the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock valued at $7,047,000 after purchasing an additional 11,767 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In related news, CEO R Jeffrey Bailly sold 12,533 shares of the business’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 owns 31,194 shares in the company, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the transaction, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,718 shares of company stock worth $5,407,218 over the last quarter. 6.17% of the stock is owned by corporate insiders.

UFP Technologies Price Performance

UFPT stock opened at $298.79 on Thursday. The stock has a 50-day moving average price of $308.56 and a two-hundred day moving average price of $296.78. 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 company has a market cap of $2.29 billion, a PE ratio of 42.62 and a beta of 0.96.

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.