UFP Technologies, Inc. (NASDAQ:UFPT) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 28.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,578 shares of the industrial products company’s stock after buying an additional 792 shares during the quarter. Tidal Investments LLC’s holdings in UFP Technologies were worth $1,133,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UFPT. Northwest Investment Counselors LLC bought a new position in UFP Technologies during the 3rd quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UFP Technologies in the 2nd quarter valued at about $36,000. GAMMA Investing LLC lifted its position in shares of UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of UFP Technologies during the third quarter worth about $56,000. Finally, EverSource Wealth Advisors LLC increased its holdings in UFP Technologies by 67.5% in the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Up 1.7 %

Shares of NASDAQ:UFPT opened at $246.04 on Friday. The company’s fifty day moving average is $296.88 and its two-hundred day moving average is $301.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a 1-year low of $152.43 and a 1-year high of $366.41. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 35.10 and a beta of 0.99.

Analysts Set New Price Targets

Separately, StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a report on Monday.

Insider Activity at UFP Technologies

In related news, VP Jason Holt sold 146 shares of the business’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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the sale, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock valued at $4,620,154 in the last quarter. Insiders own 6.17% of the company’s stock.

UFP Technologies 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.