Swedbank AB Has $19 Million Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Swedbank AB reduced its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 14.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,000 shares of the industrial products company's stock after selling 10,000 shares during the quarter. Swedbank AB owned 0.78% of UFP Technologies worth $19,002,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of UFPT. EverSource Wealth Advisors LLC grew 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 in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies in the third quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new stake in shares of UFP Technologies in the first quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in UFP Technologies during the second quarter worth $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 purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Buying and Selling

In related news, Director Cynthia L. Feldmann sold 647 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company's stock, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason Holt sold 146 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the sale, the vice president now directly owns 6,721 shares of the company's stock, valued at $2,303,219.49. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,326 shares of company stock worth $4,620,154. Corporate insiders own 6.17% of the company's stock.

UFP Technologies Stock Up 3.5 %

NASDAQ:UFPT traded up $10.97 on Wednesday, hitting $321.92. 79,738 shares of the company's stock were exchanged, compared to its average volume of 61,514. The firm has a 50-day moving average price of $307.95 and a 200-day moving average price of $298.60. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company has a market cap of $2.47 billion, a P/E ratio of 44.36 and a beta of 0.96.

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.