UFP Technologies (NASDAQ:UFPT) Trading 2.5% Higher – Time to Buy?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price was up 2.5% during mid-day trading on Wednesday . The stock traded as high as $247.91 and last traded at $247.91. Approximately 20,248 shares changed hands during trading, a decline of 71% from the average daily volume of 70,498 shares. The stock had previously closed at $241.92.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday.

UFP Technologies Trading Up 2.8 %

The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.91 billion, a P/E ratio of 35.47 and a beta of 1.04. The company has a fifty day simple moving average of $284.34 and a two-hundred day simple moving average of $301.03.

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jason Holt sold 146 shares of the company’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 value of $50,032.74. Following the transaction, the vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UFPT. Arizona State Retirement System boosted its stake in shares of UFP Technologies by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company’s stock worth $536,000 after buying an additional 38 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of UFP Technologies by 77.9% during the 3rd 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. EverSource Wealth Advisors LLC raised its holdings in shares of UFP Technologies by 67.5% in the 2nd 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 during the period. KBC Group NV grew its holdings in 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 purchasing an additional 81 shares during the period. Finally, Arete Wealth Advisors LLC increased its position in 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 during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

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.