Assenagon Asset Management S.A. Boosts Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Assenagon Asset Management S.A. lifted its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 340.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,304 shares of the industrial products company's stock after purchasing an additional 30,372 shares during the period. Assenagon Asset Management S.A. owned 0.51% of UFP Technologies worth $9,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new stake in shares of UFP Technologies in the 3rd quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UFP Technologies in the 2nd quarter worth approximately $36,000. GAMMA Investing LLC increased its stake in UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 81 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of UFP Technologies in the 3rd quarter valued at $56,000. 87.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of UFP Technologies from a "sell" rating to a "hold" rating in a report on Wednesday.

Insider Activity

In related news, Director Cynthia L. Feldmann sold 647 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction that occurred 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 completion of the sale, the vice president now owns 6,721 shares of the company's stock, valued at $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 quarter, insiders have sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is currently owned by insiders.

UFP Technologies Price Performance

NASDAQ UFPT traded up $2.85 during trading hours on Friday, hitting $265.04. 144,856 shares of the company's stock traded hands, compared to its average volume of 108,899. The company has a market capitalization of $2.03 billion, a PE ratio of 37.81 and a beta of 1.04. 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 52-week low of $152.43 and a 52-week high of $366.41. The firm's 50-day moving average is $275.61 and its 200-day moving average is $299.98.

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.