Intech Investment Management LLC Purchases New Shares in UFP Technologies, Inc. (NASDAQ:UFPT)

Intech Investment Management LLC acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,712 shares of the industrial products company's stock, valued at approximately $1,176,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in UFP Technologies by 1,614.3% in the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company's stock valued at $30,000 after buying an additional 113 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies in the third quarter worth $32,000. Advisors Asset Management Inc. purchased a new position in shares of UFP Technologies in the 1st quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UFP Technologies during the 2nd quarter valued at $36,000. Finally, GAMMA Investing LLC boosted its position 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 period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UFP Technologies

In related news, 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 value of $50,032.74. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now owns 4,049 shares of the company's stock, valued at approximately $1,426,462.70. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is owned by corporate insiders.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT opened at $310.95 on Wednesday. The business's 50-day simple moving average is $307.95 and its 200 day simple moving average is $298.60. UFP Technologies, Inc. has a one year low of $152.43 and a one year high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market cap of $2.38 billion, a P/E ratio of 44.36 and a beta of 0.96.

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.