UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 44.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,932 shares of the industrial products company's stock after selling 7,229 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of UFP Technologies worth $2,829,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UFPT. Vanguard Group Inc. increased its holdings in UFP Technologies by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company's stock worth $91,835,000 after purchasing an additional 26,269 shares during the period. Tidal Investments LLC purchased a new stake in UFP Technologies during the 1st quarter worth about $448,000. Price T Rowe Associates Inc. MD increased its holdings in UFP Technologies by 2,331.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company's stock worth $10,879,000 after purchasing an additional 41,360 shares during the period. SG Americas Securities LLC increased its holdings in shares of UFP Technologies by 489.8% in the 1st quarter. SG Americas Securities LLC now owns 4,158 shares of the industrial products company's stock valued at $1,049,000 after acquiring an additional 3,453 shares during the last quarter. Finally, Sei Investments Co. lifted its position in UFP Technologies by 171.8% during the 1st quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company's stock worth $1,217,000 after acquiring an additional 3,051 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Activity at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 11,466 shares of the firm's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the transaction, the chief financial officer now owns 46,130 shares of the company's stock, valued at approximately $13,915,114.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other UFP Technologies news, CEO R Jeffrey Bailly sold 10,887 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the completion of the transaction, the chief executive officer now owns 143,970 shares of the company's stock, valued at approximately $44,696,926.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a 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 on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the transaction, the chief financial officer now directly owns 46,130 shares of the company's stock, valued at $13,915,114.50. The trade was a 0.00 % decrease in their position. 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 ninety days. Corporate insiders own 6.17% of the company's stock.

Wall Street Analyst Weigh In

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

UFP Technologies Price Performance

Shares of UFPT traded down $5.82 during mid-day trading on Thursday, hitting $268.18. The company's stock had a trading volume of 27,195 shares, compared to its average volume of 59,569. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $366.41. The firm has a market capitalization of $2.06 billion, a P/E ratio of 42.68 and a beta of 0.93. The firm has a 50-day simple moving average of $313.41 and a 200 day simple moving average of $287.68. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14.

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