Charles Schwab Investment Management Inc. Grows Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Charles Schwab Investment Management Inc. raised its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 4.4% in the third quarter, Holdings Channel.com reports. The fund owned 67,099 shares of the industrial products company’s stock after buying an additional 2,842 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in UFP Technologies were worth $21,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies in the third quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UFP Technologies during the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC boosted its stake in shares of UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of UFP Technologies by 67.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 81 shares during the period. Finally, KBC Group NV increased its stake in UFP Technologies by 42.4% in the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 81 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Stock Down 1.2 %

UFPT opened at $286.46 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 40.86 and a beta of 0.99. UFP Technologies, Inc. has a one year low of $152.43 and a one year high of $366.41. The business’s fifty day moving average is $302.69 and its two-hundred day moving average is $300.58.

Insider Buying and Selling

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,326 shares of company stock worth $4,620,154 in the last three months. Corporate 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.