Insider Selling: UFP Technologies, Inc. (NASDAQ:UFPT) CFO Sells 11,466 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) CFO Ronald J. Lataille sold 11,466 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the transaction, the chief financial officer now owns 46,130 shares in the company, valued at $13,915,114.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

UFP Technologies Price Performance

Shares of UFPT stock opened at $310.14 on Friday. The company has a market capitalization of $2.38 billion, a P/E ratio of 49.86 and a beta of 0.95. The company’s 50-day simple moving average is $285.78 and its two-hundred day simple moving average is $242.16. UFP Technologies, Inc. has a one year low of $127.29 and a one year high of $335.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 1.46.

Institutional Trading of UFP Technologies

Large investors have recently modified their holdings of the company. Congress Asset Management Co. MA raised its position in UFP Technologies by 174.1% during the 1st quarter. Congress Asset Management Co. MA now owns 185,935 shares of the industrial products company’s stock valued at $46,893,000 after purchasing an additional 118,106 shares in the last quarter. Swedbank AB purchased a new stake in UFP Technologies in the first quarter worth about $25,220,000. Price T Rowe Associates Inc. MD grew its holdings 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 worth $10,879,000 after acquiring an additional 41,360 shares in the last quarter. Geneva Capital Management LLC increased its position in UFP Technologies by 72.5% during the 4th quarter. Geneva Capital Management LLC now owns 82,385 shares of the industrial products company’s stock valued at $14,174,000 after purchasing an additional 34,622 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in shares of UFP Technologies by 83.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock valued at $18,791,000 after purchasing an additional 33,806 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital upped their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

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.