UFP Technologies (NASDAQ:UFPT) Lowered to “Sell” Rating by StockNews.com

UFP Technologies (NASDAQ:UFPT) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

UFP Technologies Price Performance

Shares of NASDAQ UFPT traded up $2.10 during trading hours on Tuesday, hitting $241.92. 131,825 shares of the stock were exchanged, compared to its average volume of 86,681. The company’s fifty day simple moving average is $285.25 and its two-hundred day simple moving average is $301.17. The company has a market cap of $1.86 billion, a PE ratio of 34.51 and a beta of 1.04. 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 has a 1-year low of $152.43 and a 1-year high of $366.41.

Insider Transactions at UFP Technologies

In other news, VP Jason Holt sold 146 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 directly owns 6,721 shares in the company, valued at approximately $2,303,219.49. This represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 31,194 shares in the company, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,326 shares of company stock valued at $4,620,154. Corporate insiders own 6.17% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings 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 purchasing an additional 26,001 shares during the last quarter. Tidal Investments LLC grew 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 acquiring an additional 792 shares during the last quarter. World Investment Advisors LLC acquired a new position in UFP Technologies in the 3rd quarter valued at approximately $792,000. Arete Wealth Advisors LLC raised its stake in shares of UFP Technologies by 10.9% during the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 89 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 purchasing an additional 3,333 shares during the period. 87.28% of the stock is currently owned by institutional investors.

About UFP Technologies

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.