Geode Capital Management LLC Has $54.80 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Geode Capital Management LLC increased its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,996 shares of the industrial products company’s stock after acquiring an additional 3,333 shares during the period. Geode Capital Management LLC owned about 2.26% of UFP Technologies worth $54,799,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of UFPT. Vestcor Inc increased its holdings in shares of UFP Technologies by 119.7% during the 3rd quarter. Vestcor Inc now owns 1,173 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 639 shares during the last quarter. Barclays PLC grew its stake in UFP Technologies by 390.6% in the 3rd quarter. Barclays PLC now owns 12,937 shares of the industrial products company’s stock valued at $4,098,000 after buying an additional 10,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in UFP Technologies by 144.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock valued at $5,136,000 after acquiring an additional 9,593 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in UFP Technologies during the third quarter worth approximately $262,000. Finally, MML Investors Services LLC bought a new stake in shares of UFP Technologies during the third quarter worth approximately $219,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Jason Holt sold 146 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Jeffrey Bailly sold 12,533 shares of the business’s 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 owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. 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 in the last quarter. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Trading Up 2.8 %

UFPT stock opened at $252.85 on Monday. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week 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 company’s 50-day simple moving average is $295.69 and its 200 day simple moving average is $301.64. The company has a market capitalization of $1.94 billion, a PE ratio of 36.07 and a beta of 0.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research note on Monday, December 16th.

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.