Avanza Fonder AB Makes New Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

Avanza Fonder AB acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,209 shares of the industrial products company's stock, valued at approximately $296,000.

Several other large investors have also made changes to their positions in UFPT. GAMMA Investing LLC boosted its stake in UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock worth $43,000 after purchasing an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in UFP Technologies by 67.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company's stock worth $53,000 after buying an additional 81 shares in the last quarter. KBC Group NV grew its holdings in UFP Technologies by 42.4% during the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company's stock worth $86,000 after acquiring an additional 81 shares during the last quarter. Arete Wealth Advisors LLC increased its position in UFP Technologies by 10.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company's stock valued at $287,000 after acquiring an additional 89 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of UFP Technologies in the third quarter worth about $32,000. Institutional investors own 87.28% of the company's stock.

UFP Technologies Trading Up 1.1 %

UFP Technologies stock traded up $2.85 during mid-day trading on Monday, hitting $265.04. The stock had a trading volume of 144,856 shares, compared to its average volume of 108,899. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. The stock has a market capitalization of $2.03 billion, a PE ratio of 37.81 and a beta of 1.04. The stock has a 50-day simple moving average of $274.04 and a two-hundred day simple moving average of $299.87.

Analyst Ratings Changes

Separately, StockNews.com raised shares of UFP Technologies from a "sell" rating to a "hold" rating in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 31,194 shares of the company's stock, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now owns 4,049 shares of the company's stock, valued at $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock valued at $4,620,154 over the last ninety days. Insiders own 6.17% of the company's stock.

UFP Technologies 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.