Charles Schwab Investment Management Inc. Boosts Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Charles Schwab Investment Management Inc. raised its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,099 shares of the industrial products company's stock after buying an additional 2,842 shares during the period. Charles Schwab Investment Management Inc. owned about 0.87% of UFP Technologies worth $21,250,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of UFP Technologies by 78.8% during the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company's stock worth $7,047,000 after purchasing an additional 11,767 shares during the period. Marshall Wace LLP purchased a new position in shares of UFP Technologies during the second quarter valued at approximately $2,412,000. HealthInvest Partners AB raised its holdings in shares of UFP Technologies by 84.2% during the third quarter. HealthInvest Partners AB now owns 18,048 shares of the industrial products company's stock valued at $5,716,000 after acquiring an additional 8,248 shares in the last quarter. Kings Path Partners LLC purchased a new stake in UFP Technologies in the second quarter worth $1,798,000. Finally, Envestnet Asset Management Inc. lifted its stake in UFP Technologies by 94.6% in the second quarter. Envestnet Asset Management Inc. now owns 12,401 shares of the industrial products company's stock worth $3,272,000 after acquiring an additional 6,027 shares during the period. Institutional investors own 87.28% of the company's stock.

UFP Technologies Trading Down 1.2 %

UFP Technologies stock traded down $3.54 during mid-day trading on Friday, reaching $286.46. 45,880 shares of the company traded hands, compared to its average volume of 65,382. UFP Technologies, Inc. has a 52-week low of $152.43 and a 52-week high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 40.86 and a beta of 0.99. The firm's 50 day moving average price is $302.69 and its 200 day moving average price is $300.84.

Insider Activity

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction that occurred 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 sale, the chief executive officer now owns 31,194 shares of the company's stock, valued at $10,807,473.24. The trade was a 28.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 sale, the director now directly owns 4,049 shares in the company, valued at $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 have sold a total of 13,326 shares of company stock worth $4,620,154 over the last quarter. Insiders own 6.17% of the company's stock.

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.