UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel C. Croteau Sells 6,846 Shares

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Daniel C. Croteau sold 6,846 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares in the company, valued at $407,711.85. This represents a 79.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UFP Technologies Stock Up 1.9 %

UFPT traded up $4.15 during mid-day trading on Friday, reaching $220.64. 101,483 shares of the stock were exchanged, compared to its average volume of 108,941. UFP Technologies, Inc. has a 1 year low of $188.50 and a 1 year high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The stock has a market capitalization of $1.69 billion, a PE ratio of 31.48 and a beta of 1.04. The company has a 50 day moving average price of $254.06 and a two-hundred day moving average price of $287.16.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million for the quarter, compared to analysts' expectations of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

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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.

Institutional Trading of UFP Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning purchased a new position in UFP Technologies in the third quarter worth $231,000. New York State Teachers Retirement System boosted its holdings in shares of UFP Technologies by 8.7% in the 3rd quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company's stock worth $826,000 after buying an additional 208 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of UFP Technologies by 11.1% in the 3rd quarter. Portside Wealth Group LLC now owns 1,875 shares of the industrial products company's stock worth $594,000 after buying an additional 187 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in UFP Technologies during the third quarter valued at about $202,000. Finally, Geneva Capital Management LLC increased its holdings in UFP Technologies by 0.3% during the third quarter. Geneva Capital Management LLC now owns 80,362 shares of the industrial products company's stock worth $25,450,000 after buying an additional 243 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

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.