UFP Technologies, Inc. (NASDAQ:UFPT) CEO R Jeffrey Bailly Sells 12,533 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) CEO R Jeffrey Bailly sold 12,533 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the transaction, the chief executive officer now owns 31,194 shares of the company’s stock, valued at $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

R Jeffrey Bailly also recently made the following trade(s):

• On Monday, August 19th, R Jeffrey Bailly sold 5,910 shares of UFP Technologies stock. The shares were sold at an average price of $328.20, for a total value of $1,939,662.00.
• On Friday, August 16th, R Jeffrey Bailly sold 10,000 shares of UFP Technologies stock. The shares were sold at an average price of $325.89, for a total value of $3,258,900.00.

UFP Technologies Price Performance

UFPT stock opened at $294.93 on Friday. The stock has a 50-day moving average price of $310.04 and a two-hundred day moving average price of $294.87. UFP Technologies, Inc. has a 12-month low of $152.43 and a 12-month high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.26 billion, a PE ratio of 42.07 and a beta of 0.96.

Institutional Investors Weigh In On UFP Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in UFP Technologies by 1.9% during the second 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 during the period. Morgan Dempsey Capital Management LLC grew its position in UFP Technologies by 2.9% during 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 acquiring an additional 41 shares during the period. Millington Financial Advisors LLC grew its position in UFP Technologies by 0.4% during the second quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company’s stock valued at $3,361,000 after acquiring an additional 51 shares during the period. GAMMA Investing LLC grew its position in UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 60 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of UFP Technologies by 1.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company’s stock worth $1,569,000 after buying an additional 61 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.