Brown Capital Management LLC Has $15.45 Million Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Brown Capital Management LLC cut its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,768 shares of the industrial products company’s stock after selling 5,071 shares during the period. Brown Capital Management LLC owned about 0.64% of UFP Technologies worth $15,445,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of UFP Technologies by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock worth $536,000 after purchasing an additional 38 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its stake in shares of UFP Technologies by 2.9% in the second quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 41 shares during the last quarter. Millington Financial Advisors LLC grew its position in UFP Technologies by 0.4% during the 2nd quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company’s stock worth $3,361,000 after acquiring an additional 51 shares during the last quarter. GAMMA Investing LLC grew its position in UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 60 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in 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 last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the sale, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,718 shares of company stock valued at $5,407,218 in the last 90 days. 6.17% of the stock is currently owned by insiders.

UFP Technologies Price Performance

UFP Technologies stock opened at $298.79 on Thursday. The business’s fifty day moving average is $308.56 and its two-hundred day moving average is $296.78. 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 market cap of $2.29 billion, a P/E ratio of 42.62 and a beta of 0.96. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41.

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.