Y Intercept Hong Kong Ltd Acquires New Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Y Intercept Hong Kong Ltd acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 828 shares of the industrial products company’s stock, valued at approximately $262,000.

A number of other hedge funds have also made changes to their positions in UFPT. Northwest Investment Counselors LLC acquired a new position in UFP Technologies in the third quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in UFP Technologies in the second quarter worth approximately $36,000. GAMMA Investing LLC grew its position in 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 buying an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 worth $53,000 after buying an additional 81 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in UFP Technologies in the third quarter worth approximately $56,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Monday.

Insiders Place Their Bets

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies 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 completion of the sale, the chief executive officer now owns 31,194 shares of the company’s stock, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,326 shares of company stock worth $4,620,154. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Trading Down 4.5 %

NASDAQ UFPT opened at $241.88 on Thursday. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. 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 stock has a market cap of $1.86 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99. The firm’s 50 day moving average price is $298.06 and its two-hundred day moving average price is $301.45.

UFP Technologies Company 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.