Inspire Investing LLC Acquires 387 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Inspire Investing LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 29.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,681 shares of the industrial products company’s stock after buying an additional 387 shares during the quarter. Inspire Investing LLC’s holdings in UFP Technologies were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UFPT. SG Americas Securities LLC grew its holdings in UFP Technologies by 95.6% during the fourth quarter. SG Americas Securities LLC now owns 2,220 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 1,085 shares during the last quarter. Mountain Pacific Investment Advisers LLC grew its stake in UFP Technologies by 0.4% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 93,316 shares of the industrial products company’s stock valued at $22,817,000 after buying an additional 340 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in UFP Technologies by 31.0% in the 4th quarter. Diversify Wealth Management LLC now owns 3,026 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 716 shares during the period. Annex Advisory Services LLC lifted its position in UFP Technologies by 34.8% during the 4th quarter. Annex Advisory Services LLC now owns 61,808 shares of the industrial products company’s stock worth $15,113,000 after acquiring an additional 15,940 shares during the last quarter. Finally, Oak Ridge Investments LLC grew its position in shares of UFP Technologies by 52.4% in the fourth quarter. Oak Ridge Investments LLC now owns 8,576 shares of the industrial products company’s stock valued at $2,097,000 after purchasing an additional 2,950 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other 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 sale, the vice president now directly owns 6,721 shares in the company, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock was 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 directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,326 shares of company stock valued at $4,620,154. Insiders own 6.17% of the company’s stock.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $268.58 on Friday. 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 one year low of $158.74 and a one year high of $366.41. The company has a fifty day moving average price of $270.32 and a 200 day moving average price of $299.07. The stock has a market cap of $2.06 billion, a P/E ratio of 38.31 and a beta of 1.04.

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.