Insider Selling: UFP Technologies, Inc. (NASDAQ:UFPT) CEO Sells 20,000 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) CEO R Jeffrey Bailly sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $311.90, for a total transaction of $6,238,000.00. Following the sale, the chief executive officer now owns 114,857 shares of the company’s stock, valued at $35,823,898.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

R Jeffrey Bailly also recently made the following trade(s):

• On Monday, August 12th, R Jeffrey Bailly sold 1,083 shares of UFP Technologies stock. The stock was sold at an average price of $310.36, for a total transaction of $336,119.88.
• On Thursday, August 8th, R Jeffrey Bailly sold 10,887 shares of UFP Technologies stock. The stock was sold at an average price of $310.46, for a total transaction of $3,379,978.02.

UFP Technologies Stock Up 1.3 %

Shares of NASDAQ:UFPT opened at $326.12 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 3.13. The company has a market cap of $2.50 billion, a PE ratio of 52.43 and a beta of 0.95. UFP Technologies, Inc. has a 52 week low of $127.29 and a 52 week high of $335.61. The firm has a 50 day simple moving average of $293.94 and a 200 day simple moving average of $250.05.

Institutional Investors Weigh In On UFP Technologies

Several hedge funds have recently made changes to their positions in the company. Select Equity Group L.P. lifted its position in shares of UFP Technologies by 37.5% in the 2nd quarter. Select Equity Group L.P. now owns 5,246 shares of the industrial products company’s stock valued at $1,384,000 after acquiring an additional 1,430 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of UFP Technologies by 14.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,151 shares of the industrial products company’s stock valued at $1,095,000 after acquiring an additional 518 shares in the last quarter. Millennium Management LLC lifted its position in shares of UFP Technologies by 78.8% in the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock valued at $7,047,000 after acquiring an additional 11,767 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of UFP Technologies in the 2nd quarter valued at approximately $207,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in UFP Technologies in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital raised their target price on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th.

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.