UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel C. Croteau Sells 6,846 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

UFP Technologies Stock Down 5.4 %

UFP Technologies stock opened at $215.24 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 1-year low of $188.50 and a 1-year high of $366.41. The stock has a market cap of $1.65 billion, a PE ratio of 30.70 and a beta of 1.04. The stock’s fifty day moving average is $256.34 and its two-hundred day moving average is $288.96.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.45. The company had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Institutional Trading of UFP Technologies

Large investors have recently bought and sold shares of the company. Creative Planning acquired a new stake in shares of UFP Technologies during the 3rd quarter worth about $231,000. New York State Teachers Retirement System raised its position in UFP Technologies by 8.7% in the third quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company’s stock valued at $826,000 after purchasing an additional 208 shares during the period. Portside Wealth Group LLC grew its position in UFP Technologies by 11.1% in the third quarter. Portside Wealth Group LLC now owns 1,875 shares of the industrial products company’s stock valued at $594,000 after acquiring an additional 187 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in UFP Technologies during the 3rd quarter valued at $202,000. Finally, Geneva Capital Management LLC increased its position in shares of UFP Technologies by 0.3% during the third quarter. Geneva Capital Management LLC now owns 80,362 shares of the industrial products company’s stock worth $25,450,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

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.