UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,157 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 16.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,366 shares of the industrial products company's stock after selling 2,157 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of UFP Technologies worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in UFPT. Charles Schwab Investment Management Inc. grew its position in UFP Technologies by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company's stock worth $21,250,000 after purchasing an additional 2,842 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of UFP Technologies in the 3rd quarter worth approximately $1,176,000. Eagle Asset Management Inc. bought a new position in shares of UFP Technologies in the third quarter valued at approximately $9,791,000. Millennium Management LLC increased its position in shares of UFP Technologies by 78.8% during the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company's stock valued at $7,047,000 after acquiring an additional 11,767 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in UFP Technologies by 217.2% during the third quarter. BNP Paribas Financial Markets now owns 7,842 shares of the industrial products company's stock worth $2,484,000 after acquiring an additional 5,370 shares during the period. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

NASDAQ:UFPT traded down $10.42 during trading on Friday, reaching $258.62. The company's stock had a trading volume of 182,941 shares, compared to its average volume of 61,732. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 36.89 and a beta of 0.99. The firm has a 50 day moving average of $300.47 and a 200-day moving average of $301.45. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

Insider Buying and Selling

In other UFP Technologies news, VP Jason Holt sold 146 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO R Jeffrey Bailly sold 12,533 shares of the company's stock in a transaction dated 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 directly owns 31,194 shares in the company, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,326 shares of company stock worth $4,620,154. Insiders own 6.17% of the company's stock.

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.