The Manufacturers Life Insurance Company Decreases Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

The Manufacturers Life Insurance Company trimmed its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,090 shares of the industrial products company’s stock after selling 61 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in UFP Technologies were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in shares of UFP Technologies in the third quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UFP Technologies in the second quarter valued at $36,000. GAMMA Investing LLC boosted its holdings in UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in UFP Technologies by 67.5% in the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 81 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in UFP Technologies in the third quarter valued at $56,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at UFP Technologies

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the business’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 owns 31,194 shares in the company, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the sale, the director now owns 4,049 shares in the company, valued at approximately $1,426,462.70. This trade represents a 13.78 % 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 worth $4,620,154 over the last quarter. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $290.72 on Wednesday. The stock has a market cap of $2.23 billion, a P/E ratio of 41.47 and a beta of 0.99. The firm’s fifty day simple moving average is $301.75 and its 200 day simple moving average is $301.70. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

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.