UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. trimmed its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 20.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,270 shares of the industrial products company’s stock after selling 7,205 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.36% of UFP Technologies worth $7,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of UFP Technologies by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock valued at $536,000 after purchasing an additional 38 shares during the period. Morgan Dempsey Capital Management LLC lifted its stake in shares of UFP Technologies by 2.9% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 41 shares during the period. Millington Financial Advisors LLC lifted its stake in shares of UFP Technologies by 0.4% in the 2nd quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company’s stock valued at $3,361,000 after purchasing an additional 51 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of UFP Technologies by 1.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company’s stock valued at $1,569,000 after purchasing an additional 61 shares during the period. Finally, Texas Permanent School Fund Corp lifted its stake in shares of UFP Technologies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 6,151 shares of the industrial products company’s stock valued at $1,551,000 after purchasing an additional 81 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $317.79 on Monday. The firm has a market cap of $2.44 billion, a PE ratio of 51.09 and a beta of 0.94. The firm has a fifty day moving average of $318.17 and a 200 day moving average of $269.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 3.13. UFP Technologies, Inc. has a one year low of $127.29 and a one year high of $341.23.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. The company had revenue of $110.18 million during the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%.

Insider Transactions at UFP Technologies

In other news, CFO Ronald J. Lataille sold 2,392 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $329.04, for a total transaction of $787,063.68. Following the completion of the sale, the chief financial officer now owns 38,940 shares of the company’s stock, valued at $12,812,817.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Ronald J. Lataille sold 11,466 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 46,130 shares of the company’s stock, valued at $13,915,114.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ronald J. Lataille sold 2,392 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $329.04, for a total transaction of $787,063.68. Following the sale, the chief financial officer now directly owns 38,940 shares of the company’s stock, valued at approximately $12,812,817.60. The disclosure for this sale can be found here. Insiders sold 68,134 shares of company stock valued at $21,494,247 over the last 90 days. 6.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Lake Street Capital boosted their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the stock 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.