SG Americas Securities LLC Grows Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

SG Americas Securities LLC increased its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 95.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,220 shares of the industrial products company's stock after acquiring an additional 1,085 shares during the quarter. SG Americas Securities LLC's holdings in UFP Technologies were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of UFP Technologies during the 3rd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of UFP Technologies in the second quarter worth $36,000. GAMMA Investing LLC raised its stake in shares of UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 60 shares during the period. Truvestments Capital LLC purchased a new stake in UFP Technologies during the 3rd quarter worth about $56,000. Finally, KBC Group NV lifted its holdings in UFP Technologies by 42.4% during the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company's stock worth $86,000 after purchasing an additional 81 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Price Performance

Shares of UFP Technologies stock traded up $8.91 during trading on Tuesday, hitting $279.74. The stock had a trading volume of 66,849 shares, compared to its average volume of 100,648. 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 12 month low of $167.71 and a 12 month high of $366.41. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 39.91 and a beta of 1.04. The business's 50-day moving average is $266.63 and its 200 day moving average is $297.19.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total transaction 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. The trade was a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jason Holt sold 146 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the transaction, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock valued at $4,620,154 in the last 90 days. Corporate insiders own 6.17% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.

UFP Technologies Company Profile

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.