UFP Technologies (NASDAQ:UFPT) Trading Down 6% – Time to Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) shares fell 6% during trading on Thursday . The stock traded as low as $272.67 and last traded at $277.95. 18,026 shares were traded during mid-day trading, a decline of 70% from the average session volume of 60,892 shares. The stock had previously closed at $295.60.

UFP Technologies Stock Down 3.9 %

The company has a market cap of $1.98 billion, a PE ratio of 36.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a fifty day simple moving average of $300.47 and a 200 day simple moving average of $301.45.

Insider Buying and Selling

In other news, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now owns 4,049 shares in the company, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $50,032.74. Following the completion of the transaction, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,326 shares of company stock valued at $4,620,154. Insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

Several hedge funds have recently modified their holdings of UFPT. Wasatch Advisors LP grew its position in UFP Technologies by 65.4% in the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after acquiring an additional 166,262 shares in the last quarter. State Street Corp boosted its position in UFP Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company’s stock valued at $89,772,000 after buying an additional 4,007 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of UFP Technologies by 0.4% during the third quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock valued at $78,004,000 after acquiring an additional 986 shares in the last quarter. Geode Capital Management LLC increased its position in shares of UFP Technologies by 2.0% during the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock worth $54,799,000 after acquiring an additional 3,333 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of UFP Technologies by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock worth $27,737,000 after acquiring an additional 2,699 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

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.