Swedbank AB Sells 10,000 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Swedbank AB decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 14.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the industrial products company’s stock after selling 10,000 shares during the quarter. Swedbank AB’s holdings in UFP Technologies were worth $19,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of UFPT. Price T Rowe Associates Inc. MD raised its position in shares of UFP Technologies by 2,331.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock valued at $10,879,000 after buying an additional 41,360 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in UFP Technologies during the third quarter valued at approximately $9,791,000. Millennium Management LLC lifted its stake 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 purchasing an additional 11,767 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of UFP Technologies in the 2nd quarter worth approximately $2,412,000. Finally, HealthInvest Partners AB increased its position in shares of UFP Technologies by 84.2% during the 3rd quarter. HealthInvest Partners AB now owns 18,048 shares of the industrial products company’s stock valued at $5,716,000 after purchasing an additional 8,248 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now owns 4,049 shares in the company, 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 at this hyperlink. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 of the company’s stock, valued at $2,303,219.49. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is currently owned by insiders.

UFP Technologies Stock Down 1.1 %

Shares of UFPT opened at $310.95 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 52-week low of $152.43 and a 52-week high of $366.41. The company has a market cap of $2.39 billion, a PE ratio of 44.36 and a beta of 0.96. The business has a fifty day moving average of $308.34 and a 200 day moving average of $298.25.

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.