Public Employees Retirement System of Ohio Grows Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Public Employees Retirement System of Ohio boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 144.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,218 shares of the industrial products company's stock after acquiring an additional 9,593 shares during the quarter. Public Employees Retirement System of Ohio owned 0.21% of UFP Technologies worth $5,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of UFP Technologies by 28.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,161 shares of the industrial products company's stock valued at $4,264,000 after purchasing an additional 3,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake 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. Louisiana State Employees Retirement System boosted its holdings in UFP Technologies by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 3,600 shares of the industrial products company's stock valued at $950,000 after acquiring an additional 100 shares during the period. Townsend Asset Management Corp NC ADV bought a new position in UFP Technologies during the 2nd quarter worth approximately $209,000. Finally, Catalyst Financial Partners LLC increased its stake in UFP Technologies by 1.1% in the 2nd quarter. Catalyst Financial Partners LLC now owns 27,965 shares of the industrial products company's stock worth $7,379,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 87.28% of the company's stock.

Insider Activity at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 12,533 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the sale, the chief executive officer now owns 31,194 shares of the company's stock, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares of the company's stock, valued at approximately $1,426,462.70. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock worth $4,620,154 in the last three months. 6.17% of the stock is owned by insiders.

UFP Technologies Trading Down 3.9 %

Shares of NASDAQ:UFPT traded down $10.42 during trading on Friday, reaching $258.62. 182,944 shares of the company traded hands, compared to its average volume of 57,201. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 52-week low of $152.43 and a 52-week high of $366.41. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 36.89 and a beta of 0.99. The business's fifty day moving average is $300.47 and its 200-day moving average is $302.02.

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.