Dimensional Fund Advisors LP Sells 6,039 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Dimensional Fund Advisors LP cut its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 189,286 shares of the industrial products company's stock after selling 6,039 shares during the quarter. Dimensional Fund Advisors LP owned 2.47% of UFP Technologies worth $49,945,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in UFP Technologies by 5.2% in the 4th quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company's stock valued at $91,835,000 after purchasing an additional 26,269 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in UFP Technologies during the 1st quarter worth $4,798,000. Tidal Investments LLC purchased a new position in UFP Technologies in the 1st quarter valued at about $448,000. Congress Wealth Management LLC DE boosted its position in UFP Technologies by 221.7% in the 1st quarter. Congress Wealth Management LLC DE now owns 34,672 shares of the industrial products company's stock valued at $8,744,000 after buying an additional 23,895 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its stake in shares of UFP Technologies by 15.1% in the 4th quarter. Congress Asset Management Co. MA now owns 67,829 shares of the industrial products company's stock valued at $11,669,000 after purchasing an additional 8,914 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 1,598 shares of UFP Technologies stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $319.37, for a total transaction of $510,353.26. Following the completion of the sale, the chief financial officer now owns 57,596 shares of the company's stock, valued at approximately $18,394,434.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Ronald J. Lataille sold 1,598 shares of UFP Technologies stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $319.37, for a total value of $510,353.26. Following the completion of the sale, the chief financial officer now owns 57,596 shares of the company's stock, valued at approximately $18,394,434.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ronald J. Lataille sold 11,466 shares of UFP Technologies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the sale, the chief financial officer now directly owns 46,130 shares of the company's stock, valued at approximately $13,915,114.50. The disclosure for this sale can be found here. Insiders sold 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.

UFP Technologies Price Performance

UFP Technologies stock traded down $7.11 during mid-day trading on Monday, hitting $316.70. The company's stock had a trading volume of 81,521 shares, compared to its average volume of 58,962. 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 stock has a market capitalization of $2.43 billion, a P/E ratio of 50.92 and a beta of 0.94. UFP Technologies, Inc. has a twelve month low of $127.29 and a twelve month high of $366.41. The stock's fifty day moving average price is $323.58 and its two-hundred day moving average price is $278.35.

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

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.