UFP Technologies (NASDAQ:UFPT) Raised to “Hold” at StockNews.com

UFP Technologies (NASDAQ:UFPT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

UFP Technologies Stock Down 0.2 %

Shares of UFPT opened at $252.43 on Tuesday. The stock has a fifty day simple moving average of $294.45 and a two-hundred day simple moving average of $301.65. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.94 billion, a PE ratio of 36.01 and a beta of 0.99. UFP Technologies has a 52-week low of $152.43 and a 52-week high of $366.41.

Insiders Place Their Bets

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the transaction, the director now owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,326 shares of company stock valued at $4,620,154 over the last ninety days. Company insiders own 6.17% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

A number of hedge funds have recently made changes to their positions in UFPT. Arizona State Retirement System grew its position in UFP Technologies by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock valued at $536,000 after acquiring an additional 38 shares in the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of UFP Technologies by 2.9% in the second quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 41 shares in the last quarter. Millington Financial Advisors LLC increased its stake in UFP Technologies by 0.4% during the 2nd quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company’s stock worth $3,361,000 after buying an additional 51 shares during the period. GAMMA Investing LLC lifted its holdings in 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 buying an additional 60 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in UFP Technologies by 67.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

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.