Jane Street Group LLC Buys 2,822 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Jane Street Group LLC increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 32.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,581 shares of the industrial products company's stock after purchasing an additional 2,822 shares during the period. Jane Street Group LLC owned approximately 0.15% of UFP Technologies worth $3,668,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UFPT. Northwest Investment Counselors LLC purchased a new stake in UFP Technologies during the third quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of UFP Technologies in the second quarter valued at $36,000. GAMMA Investing LLC boosted its position in shares of UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock worth $43,000 after buying an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of UFP Technologies by 67.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company's stock worth $53,000 after purchasing an additional 81 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in UFP Technologies during the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Activity

In other UFP Technologies news, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now owns 6,721 shares of the company's stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the company's stock in a transaction on 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. This represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

UFP Technologies Price Performance

Shares of NASDAQ UFPT traded up $6.81 during midday trading on Friday, reaching $252.85. The company's stock had a trading volume of 257,693 shares, compared to its average volume of 64,284. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 36.07 and a beta of 0.99. UFP Technologies, Inc. has a one year low of $152.43 and a one year high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $296.88 and a 200 day moving average price of $301.07.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a research report on Monday.

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.