Annex Advisory Services LLC Raises Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Annex Advisory Services LLC raised its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,808 shares of the industrial products company's stock after buying an additional 15,940 shares during the quarter. Annex Advisory Services LLC owned 0.81% of UFP Technologies worth $15,113,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UFPT. Northwest Investment Counselors LLC acquired a new position in UFP Technologies in the third quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $36,000. GAMMA Investing LLC increased its holdings in shares of UFP Technologies by 77.9% during the third 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 increased its holdings in shares of UFP Technologies by 67.5% during the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 81 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of UFP Technologies during the third quarter valued at approximately $56,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UFP Technologies

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jason Holt sold 146 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were 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 in the company, valued at $2,303,219.49. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock worth $4,620,154 in the last quarter. 6.17% of the stock is currently owned by company insiders.

UFP Technologies Stock Performance

NASDAQ:UFPT traded up $2.85 during trading on Monday, reaching $265.04. The company's stock had a trading volume of 144,856 shares, compared to its average volume of 108,899. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 37.81 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a 50 day moving average of $275.61 and a 200-day moving average of $300.05. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41.

Analysts Set New Price Targets

Separately, StockNews.com upgraded UFP Technologies from a "sell" rating to a "hold" rating in a report on Wednesday, January 15th.

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.