UFP Technologies, Inc. (NASDAQ:UFPT) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,996 shares of the industrial products company's stock after buying an additional 3,333 shares during the quarter. Geode Capital Management LLC owned about 2.26% of UFP Technologies worth $54,799,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new position in shares of UFP Technologies during the 3rd quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in UFP Technologies in the second quarter worth $36,000. GAMMA Investing LLC lifted its stake in shares of UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 60 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of UFP Technologies by 67.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company's stock worth $53,000 after acquiring an additional 81 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in UFP Technologies during the third quarter worth $56,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

NASDAQ:UFPT traded down $3.56 during trading hours on Monday, reaching $249.29. 34,077 shares of the stock were exchanged, compared to its average volume of 64,126. The stock has a market capitalization of $1.91 billion, a P/E ratio of 35.56 and a beta of 0.99. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41. The firm has a 50 day simple moving average of $295.69 and a 200-day simple moving average of $301.64. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, VP Jason Holt sold 146 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the completion of the transaction, the chief executive officer now owns 31,194 shares of the company's stock, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is owned by insiders.

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.