Calamos Advisors LLC Has $1.21 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Calamos Advisors LLC lessened its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,927 shares of the industrial products company's stock after selling 6,891 shares during the period. Calamos Advisors LLC owned about 0.06% of UFP Technologies worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position in shares of UFP Technologies by 144.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company's stock valued at $5,136,000 after buying an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of UFP Technologies by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company's stock valued at $21,250,000 after purchasing an additional 2,842 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of UFP Technologies during the 3rd quarter worth approximately $1,176,000. Jane Street Group LLC lifted its holdings in shares of UFP Technologies by 32.2% in the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock worth $3,668,000 after purchasing an additional 2,822 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in UFP Technologies during the 3rd quarter worth $9,791,000. Institutional investors and hedge funds own 87.28% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd.

Insiders Place Their Bets

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 value of $4,342,183.18. Following the completion of the sale, the chief executive officer now owns 31,194 shares in the company, valued at $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jason Holt sold 146 shares of the company's stock in a transaction dated 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 directly owns 6,721 shares of the company's stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.17% of the stock is currently owned by insiders.

UFP Technologies Stock Performance

NASDAQ UFPT traded down $18.61 on Friday, hitting $261.33. The stock had a trading volume of 131,022 shares, compared to its average volume of 96,907. UFP Technologies, Inc. has a one year low of $167.71 and a one year high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 37.28 and a beta of 1.04. The company's 50-day moving average is $263.82 and its two-hundred day moving average is $296.57.

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.