UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,048 shares of the industrial products company’s stock after selling 499 shares during the quarter. JPMorgan Chase & Co.’s holdings in UFP Technologies were worth $3,499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UFPT. Northwest Investment Counselors LLC bought a new stake in UFP Technologies in the 3rd quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $36,000. GAMMA Investing LLC boosted its position in shares of UFP Technologies by 77.9% during 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 period. Truvestments Capital LLC acquired a new stake in UFP Technologies in the 3rd quarter valued at approximately $56,000. Finally, EverSource Wealth Advisors LLC raised its stake 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 valued at $53,000 after acquiring an additional 81 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Price Performance

NASDAQ UFPT opened at $265.04 on Friday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 37.81 and a beta of 1.04. 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 business’s fifty day moving average is $275.61 and its two-hundred day moving average is $299.98. UFP Technologies, Inc. has a 1 year low of $152.43 and a 1 year high of $366.41.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares of the company’s stock, 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. Over the last ninety days, insiders sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is currently owned by corporate insiders.

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.