Oak Ridge Investments LLC Purchases 2,950 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Oak Ridge Investments LLC grew its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 52.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,576 shares of the industrial products company's stock after purchasing an additional 2,950 shares during the quarter. Oak Ridge Investments LLC owned approximately 0.11% of UFP Technologies worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UFPT. Public Employees Retirement System of Ohio boosted its holdings in UFP Technologies by 144.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company's stock worth $5,136,000 after buying an additional 9,593 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of UFP Technologies by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company's stock valued at $21,250,000 after acquiring an additional 2,842 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of UFP Technologies in the third quarter worth about $1,176,000. Jane Street Group LLC boosted its stake in shares of UFP Technologies by 32.2% in the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock worth $3,668,000 after acquiring an additional 2,822 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in shares of UFP Technologies during the third quarter worth about $9,791,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO R Jeffrey Bailly sold 12,533 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the sale, the chief executive officer now owns 31,194 shares of the company's stock, valued at $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock worth $4,620,154 over the last 90 days. Corporate insiders own 6.17% of the company's stock.

UFP Technologies Price Performance

NASDAQ UFPT traded up $2.85 on Friday, reaching $265.04. The company had a trading volume of 144,856 shares, compared to its average volume of 108,899. The stock has a market capitalization of $2.03 billion, a PE ratio of 37.81 and a beta of 1.04. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The firm's 50 day moving average price is $275.61 and its 200 day moving average price is $300.05.

Analysts Set New Price Targets

Separately, StockNews.com raised UFP Technologies from a "sell" rating to a "hold" rating in a report on Wednesday.

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.