Guidance Capital Inc. Takes $453,000 Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Guidance Capital Inc. bought a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,687 shares of the industrial products company's stock, valued at approximately $453,000.

A number of other hedge funds have also made changes to their positions in the company. Millennium Management LLC increased its stake in shares of UFP Technologies by 78.8% in the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company's stock valued at $7,047,000 after buying an additional 11,767 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in UFP Technologies by 14.3% in the second quarter. The Manufacturers Life Insurance Company now owns 4,151 shares of the industrial products company's stock valued at $1,095,000 after acquiring an additional 518 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in UFP Technologies in the second quarter worth about $585,000. GAMMA Investing LLC raised its holdings in UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Finally, Fulton Bank N.A. acquired a new position in UFP Technologies during the 3rd quarter valued at about $222,000. Institutional investors and hedge funds own 87.28% of the company's stock.

Insiders Place Their Bets

In other news, VP Jason Holt sold 146 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the transaction, the vice president now owns 6,721 shares of the company's stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the completion of the sale, the chief executive officer now owns 31,194 shares of the company's stock, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.17% of the company's stock.

UFP Technologies Trading Down 6.6 %

Shares of UFP Technologies stock traded down $18.61 during trading on Friday, reaching $261.33. 131,022 shares of the company were exchanged, compared to its average volume of 96,907. The business has a 50-day moving average price of $263.82 and a 200-day moving average price of $296.57. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 37.28 and a beta of 1.04. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a twelve month low of $167.71 and a twelve month high of $366.41.

Analysts Set New Price Targets

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

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.