Barclays PLC Acquires 10,300 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Barclays PLC lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 390.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,937 shares of the industrial products company's stock after purchasing an additional 10,300 shares during the period. Barclays PLC owned about 0.17% of UFP Technologies worth $4,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP raised its position in shares of UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company's stock worth $133,188,000 after acquiring an additional 166,262 shares during the last quarter. State Street Corp raised its holdings in UFP Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock worth $89,772,000 after purchasing an additional 4,007 shares during the last quarter. Congress Asset Management Co. lifted its position in shares of UFP Technologies by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company's stock worth $78,004,000 after purchasing an additional 986 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of UFP Technologies by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company's stock worth $27,737,000 after purchasing an additional 2,699 shares during the period. Finally, Mountain Pacific Investment Advisers LLC increased its position in shares of UFP Technologies by 0.3% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company's stock worth $29,445,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Transactions at UFP Technologies

In other news, VP Jason Holt sold 146 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the sale, the vice president now directly owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Cynthia L. Feldmann sold 647 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. This trade represents 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 in the last quarter. 6.17% of the stock is currently owned by company insiders.

UFP Technologies Trading Down 2.2 %

UFPT stock traded down $5.50 during mid-day trading on Monday, reaching $247.35. The company's stock had a trading volume of 20,734 shares, compared to its average volume of 64,091. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The business's 50 day moving average price is $295.69 and its 200 day moving average price is $301.64. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 35.29 and a beta of 0.99.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Monday, December 16th.

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.