UFP Technologies, Inc. (NASDAQ:UFPT) Stock Holdings Cut by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL trimmed its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 51.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,786 shares of the industrial products company's stock after selling 2,898 shares during the quarter. UFP Technologies accounts for about 1.0% of Chesapeake Capital Corp IL's investment portfolio, making the stock its 23rd biggest position. Chesapeake Capital Corp IL's holdings in UFP Technologies were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UFPT. Arizona State Retirement System raised its position in shares of UFP Technologies by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company's stock valued at $536,000 after purchasing an additional 38 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its holdings in UFP Technologies by 2.9% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company's stock worth $385,000 after buying an additional 41 shares during the last quarter. Millington Financial Advisors LLC grew its position in shares of UFP Technologies by 0.4% in the 2nd quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company's stock worth $3,361,000 after acquiring an additional 51 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of UFP Technologies by 1.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company's stock valued at $1,569,000 after acquiring an additional 61 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of UFP Technologies by 3.8% during the 4th quarter. Moran Wealth Management LLC now owns 2,165 shares of the industrial products company's stock valued at $372,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 20,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $311.90, for a total value of $6,238,000.00. Following the completion of the transaction, the chief executive officer now owns 114,857 shares in the company, valued at approximately $35,823,898.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO R Jeffrey Bailly sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $311.90, for a total transaction of $6,238,000.00. Following the completion of the transaction, the chief executive officer now directly owns 114,857 shares in the company, valued at $35,823,898.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ronald J. Lataille sold 11,466 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total value of $3,458,718.90. Following the completion of the sale, the chief financial officer now owns 46,130 shares in the company, valued at $13,915,114.50. The disclosure for this sale can be found here. Insiders have sold a total of 68,134 shares of company stock valued at $21,494,247 in the last quarter. Company insiders own 6.17% of the company's stock.

Analysts Set New Price Targets

Separately, Lake Street Capital boosted their target price on shares of UFP Technologies from $344.00 to $392.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT traded down $32.76 during trading on Tuesday, hitting $292.22. 92,425 shares of the company traded hands, compared to its average volume of 59,258. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $317.13 and its 200-day moving average is $266.47. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 46.98 and a beta of 0.94. UFP Technologies, Inc. has a one year low of $127.29 and a one year high of $341.23.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. The firm had revenue of $110.18 million for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%.

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.