UFP Technologies (NASDAQ:UFPT) Downgraded by StockNews.com to Sell

StockNews.com cut shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research report released on Thursday.

UFP Technologies Trading Down 3.5 %

UFPT opened at $262.51 on Thursday. The firm’s fifty day moving average is $271.79 and its two-hundred day moving average is $299.54. The firm has a market cap of $2.01 billion, a PE ratio of 37.45 and a beta of 1.04. UFP Technologies has a twelve month low of $157.08 and a twelve month high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

Insiders Place Their Bets

In other news, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction dated 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 $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 31,194 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 13,326 shares of company stock worth $4,620,154. Corporate insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 81 shares in the last quarter. KBC Group NV boosted its position in shares of UFP Technologies by 42.4% during the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after buying an additional 81 shares during the period. Arete Wealth Advisors LLC grew its holdings 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 worth $287,000 after buying an additional 89 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in UFP Technologies in the 3rd quarter valued at approximately $32,000. Institutional investors own 87.28% of the company’s stock.

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.