Eagle Asset Management Inc. Purchases New Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Eagle Asset Management Inc. bought a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,390 shares of the industrial products company's stock, valued at approximately $9,791,000. Eagle Asset Management Inc. owned about 0.37% of UFP Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UFPT. Swedbank AB bought a new position in UFP Technologies in the 1st quarter valued at approximately $25,220,000. Price T Rowe Associates Inc. MD lifted its stake in UFP Technologies by 2,331.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company's stock valued at $10,879,000 after acquiring an additional 41,360 shares during the period. Millennium Management LLC grew its stake in shares of UFP Technologies by 78.8% in the second 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 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. Finally, HealthInvest Partners AB lifted its position in 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 purchasing an additional 8,248 shares during the period. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of UFP Technologies stock traded up $6.48 during trading hours on Friday, reaching $311.27. 61,028 shares of the stock traded hands, compared to its average volume of 79,619. The company has a 50 day moving average price of $308.53 and a 200 day moving average price of $297.55. UFP Technologies, Inc. has a one year low of $152.43 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 firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 44.40 and a beta of 0.96.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction dated Friday, November 8th. The shares were 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 of the company's stock, valued at $1,426,462.70. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies 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 completion of the sale, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,326 shares of company stock valued at $4,620,154. Company insiders own 6.17% of the company's stock.

UFP Technologies Company 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.