Cynthia L. Feldmann Sells 647 Shares of UFP Technologies, Inc. (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Cynthia L. Feldmann sold 647 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now owns 4,049 shares of the company's stock, valued at $1,426,462.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

UFP Technologies Stock Down 0.4 %

Shares of UFPT stock traded down $1.43 during trading hours on Friday, reaching $344.86. The company had a trading volume of 83,800 shares, compared to its average volume of 61,008. The stock's fifty day simple moving average is $310.32 and its 200 day simple moving average is $292.21. The company has a market capitalization of $2.65 billion, a P/E ratio of 49.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 2.56. UFP Technologies, Inc. has a twelve month low of $133.99 and a twelve month high of $366.41.

Institutional Trading of UFP Technologies

A number of hedge funds have recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in UFP Technologies during the 3rd quarter valued at $32,000. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 113 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of UFP Technologies in the first quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in UFP Technologies in the second quarter valued at about $36,000. Finally, GAMMA Investing LLC boosted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

Analysts Set New Price Targets

Separately, Lake Street Capital boosted their price objective on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th.

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.