Loomis Sayles & Co. L P Sells 17,301 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Loomis Sayles & Co. L P reduced its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 21.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,591 shares of the industrial products company's stock after selling 17,301 shares during the period. Loomis Sayles & Co. L P owned approximately 0.82% of UFP Technologies worth $19,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in UFP Technologies in the 3rd quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of UFP Technologies by 1,614.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 113 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of UFP Technologies during the 1st quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UFP Technologies during the 2nd quarter worth $36,000. Finally, GAMMA Investing LLC grew its position in 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 acquiring an additional 60 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction on 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 trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 in the company, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,326 shares of company stock valued at $4,620,154. Insiders own 6.17% of the company's stock.

UFP Technologies Price Performance

UFP Technologies stock traded up $10.97 during mid-day trading on Wednesday, reaching $321.92. The company had a trading volume of 83,150 shares, compared to its average volume of 61,514. UFP Technologies, Inc. has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. The business has a fifty day simple moving average of $307.95 and a 200 day simple moving average of $298.60. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.47 billion, a P/E ratio of 44.36 and a beta of 0.96.

UFP Technologies 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.