Intech Investment Management LLC Purchases New Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Intech Investment Management LLC acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 3,712 shares of the industrial products company’s stock, valued at approximately $1,176,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in shares of UFP Technologies during the first quarter valued at $35,000. Price T Rowe Associates Inc. MD increased its position in UFP Technologies by 2,331.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock valued at $10,879,000 after purchasing an additional 41,360 shares during the period. Tidal Investments LLC bought a new stake in shares of UFP Technologies in the 1st quarter valued at about $448,000. Swedbank AB purchased a new stake in shares of UFP Technologies in the 1st quarter worth approximately $25,220,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of UFP Technologies by 1,614.3% during the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 113 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT opened at $310.95 on Wednesday. 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 $2.39 billion, a price-to-earnings ratio of 44.85 and a beta of 0.96. The firm has a 50 day moving average of $308.34 and a 200 day moving average of $298.25. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,326 shares of company stock valued at $4,620,154. Corporate insiders own 6.17% of the company’s stock.

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.