New York State Common Retirement Fund cut its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,696 shares of the industrial products company's stock after selling 5,557 shares during the quarter. New York State Common Retirement Fund owned about 0.77% of UFP Technologies worth $18,589,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of UFPT. Northwest Investment Counselors LLC purchased a new position in UFP Technologies during the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of UFP Technologies by 1,614.3% during the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company's stock worth $30,000 after buying an additional 113 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of UFP Technologies in the first quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UFP Technologies in the second quarter valued at $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 period. Hedge funds and other institutional investors own 87.28% of the company's stock.
UFP Technologies Stock Performance
Shares of UFPT stock traded up $51.62 during trading on Tuesday, reaching $329.24. 218,937 shares of the company's stock were exchanged, compared to its average volume of 60,431. 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 $2.53 billion, a PE ratio of 51.28 and a beta of 0.96. UFP Technologies, Inc. has a twelve month low of $133.99 and a twelve month high of $366.41. The firm's fifty day moving average price is $309.89 and its 200-day moving average price is $289.13.
Insider Activity at UFP Technologies
In related news, CFO Ronald J. Lataille sold 4,798 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $330.44, for a total transaction of $1,585,451.12. Following the completion of the sale, the chief financial officer now directly owns 41,332 shares in the company, valued at $13,657,746.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other UFP Technologies news, CFO Ronald J. Lataille sold 4,798 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $330.44, for a total value of $1,585,451.12. Following the transaction, the chief financial officer now owns 41,332 shares in the company, valued at approximately $13,657,746.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R Jeffrey Bailly sold 10,887 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total value of $3,379,978.02. Following the sale, the chief executive officer now directly owns 143,970 shares of the company's stock, valued at $44,696,926.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,070 shares of company stock worth $17,525,175 in the last ninety days. 6.17% of the stock is owned by company insiders.
Analyst Ratings Changes
Separately, Lake Street Capital upped their price target on UFP Technologies from $344.00 to $392.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th.
Get Our Latest Stock Report on UFPT
About UFP Technologies
(
Free Report)
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.
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