UFP Technologies (NASDAQ:UFPT) Cut to Sell at StockNews.com

StockNews.com downgraded shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research report report published on Tuesday.

UFP Technologies Trading Up 0.9 %

NASDAQ UFPT opened at $241.92 on Tuesday. UFP Technologies has a 52 week low of $152.43 and a 52 week high of $366.41. The firm has a 50 day moving average of $285.25 and a two-hundred day moving average of $301.17. 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 stock has a market capitalization of $1.86 billion, a PE ratio of 34.51 and a beta of 1.04.

Insider Activity at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jason Holt sold 146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 in the company, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. 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 quarter. 6.17% of the stock is owned by insiders.

Institutional Investors Weigh In On UFP Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP grew its holdings in shares of UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock worth $133,188,000 after purchasing an additional 166,262 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in UFP Technologies during the 3rd quarter worth approximately $9,791,000. Franklin Resources Inc. increased its position in UFP Technologies by 39.4% during the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock worth $28,904,000 after buying an additional 26,001 shares during the period. De Lisle Partners LLP lifted its stake in UFP Technologies by 30.6% in the third quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock valued at $21,070,000 after buying an additional 15,603 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of UFP Technologies by 78.8% in the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock valued at $7,047,000 after acquiring an additional 11,767 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

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.