BNP Paribas Financial Markets Acquires 5,370 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

BNP Paribas Financial Markets lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 217.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,842 shares of the industrial products company's stock after acquiring an additional 5,370 shares during the period. BNP Paribas Financial Markets owned 0.10% of UFP Technologies worth $2,484,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of UFP Technologies during the first quarter valued at $448,000. Intech Investment Management LLC acquired a new position in UFP Technologies in the 3rd quarter worth approximately $1,176,000. Sequoia Financial Advisors LLC purchased a new position in UFP Technologies during the 2nd quarter worth approximately $1,214,000. Millennium Management LLC lifted its stake in UFP Technologies by 78.8% in the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company's stock worth $7,047,000 after acquiring an additional 11,767 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in UFP Technologies during the 3rd quarter worth about $9,791,000. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Transactions at UFP Technologies

In other news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is owned by insiders.

UFP Technologies Stock Down 1.2 %

Shares of NASDAQ UFPT traded down $3.54 during mid-day trading on Friday, reaching $286.46. The company had a trading volume of 45,880 shares, compared to its average volume of 65,382. The stock has a fifty day moving average of $302.69 and a two-hundred day moving average of $300.58. UFP Technologies, Inc. has a 12-month low of $152.43 and a 12-month high of $366.41. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 40.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

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.