UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,594 shares of the industrial products company’s stock after selling 4,507 shares during the period. Rice Hall James & Associates LLC owned about 0.26% of UFP Technologies worth $4,791,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in UFP Technologies by 144.8% during the third quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock worth $5,136,000 after purchasing an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in UFP Technologies by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock worth $21,250,000 after purchasing an additional 2,842 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of UFP Technologies in the 3rd quarter valued at $1,176,000. Jane Street Group LLC grew its position in shares of UFP Technologies by 32.2% in the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after buying an additional 2,822 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in UFP Technologies during the 3rd quarter worth $9,791,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Up 1.4 %

Shares of NASDAQ:UFPT opened at $257.52 on Tuesday. UFP Technologies, Inc. has a 1-year low of $185.58 and a 1-year high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The stock has a market cap of $1.98 billion, a P/E ratio of 36.74 and a beta of 1.04. The firm has a fifty day moving average price of $259.40 and a 200 day moving average price of $293.52.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

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.