UFP Technologies (NASDAQ:UFPT) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of UFP Technologies (NASDAQ:UFPT) from a sell rating to a hold rating in a research report released on Wednesday.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $254.79 on Wednesday. The business’s 50 day moving average is $278.88 and its two-hundred day moving average is $300.30. UFP Technologies has a 12-month low of $152.43 and a 12-month high of $366.41. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 36.35 and a beta of 1.04. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

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 sale, the director now owns 4,049 shares in the company, valued at $1,426,462.70. This represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jason Holt sold 146 shares of the firm’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 value of $50,032.74. Following the completion of the transaction, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock worth $4,620,154 over the last 90 days. Company insiders own 6.17% of the company’s stock.

Institutional Trading of UFP Technologies

Several large investors have recently bought and sold shares of UFPT. GAMMA Investing LLC raised its stake in shares of 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in UFP Technologies by 67.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 81 shares in the last quarter. KBC Group NV raised its position in UFP Technologies by 42.4% during the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 81 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of UFP Technologies by 10.9% in the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 89 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.28% 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.