UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Swedbank AB

Swedbank AB boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 33.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the industrial products company's stock after acquiring an additional 20,000 shares during the quarter. Swedbank AB owned about 1.04% of UFP Technologies worth $19,561,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of UFP Technologies by 94.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,401 shares of the industrial products company's stock worth $3,272,000 after purchasing an additional 6,027 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of UFP Technologies in the second quarter worth approximately $214,000. Sei Investments Co. lifted its stake in shares of UFP Technologies by 14.4% during the 2nd quarter. Sei Investments Co. now owns 5,524 shares of the industrial products company's stock worth $1,457,000 after acquiring an additional 697 shares during the last quarter. Marshall Wace LLP purchased a new position in UFP Technologies during the 2nd quarter valued at $2,412,000. Finally, Cubist Systematic Strategies LLC bought a new position in UFP Technologies in the 2nd quarter valued at $585,000. 87.28% of the stock is owned by institutional investors.

UFP Technologies Stock Up 4.0 %

Shares of UFPT traded up $10.90 during midday trading on Tuesday, reaching $281.73. 35,295 shares of the stock were exchanged, compared to its average volume of 99,159. 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's 50 day moving average is $268.13 and its two-hundred day moving average is $297.80. The company has a market capitalization of $2.16 billion, a P/E ratio of 40.19 and a beta of 1.04. UFP Technologies, Inc. has a 52 week low of $167.71 and a 52 week high of $366.41.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd.

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.