UFP Technologies (NASDAQ:UFPT) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

UFP Technologies Trading Down 4.5 %

UFPT opened at $241.88 on Monday. 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 stock has a market capitalization of $1.86 billion, a P/E ratio of 34.50 and a beta of 0.99. The firm’s fifty day simple moving average is $298.98 and its 200 day simple moving average is $301.87. UFP Technologies has a 12 month low of $152.43 and a 12 month high of $366.41.

Insider Buying and Selling at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction that occurred 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 $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction dated 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 in the company, 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. Insiders have 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 Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its position in shares of UFP Technologies by 39.4% during the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock worth $28,904,000 after acquiring an additional 26,001 shares during the last quarter. Tidal Investments LLC raised its holdings in UFP Technologies by 28.4% during the 3rd quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 792 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of UFP Technologies in the 3rd quarter worth approximately $792,000. Arete Wealth Advisors LLC boosted its stake in shares of UFP Technologies by 10.9% in the 3rd 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 during the last quarter. Finally, 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 buying an additional 3,333 shares during the period. 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.