UFP Technologies, Inc. (NASDAQ:UFPT) is Applied Fundamental Research LLC's 6th Largest Position

Applied Fundamental Research LLC cut its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,974 shares of the industrial products company's stock after selling 9,851 shares during the period. UFP Technologies makes up about 10.2% of Applied Fundamental Research LLC's portfolio, making the stock its 6th biggest holding. Applied Fundamental Research LLC owned about 0.64% of UFP Technologies worth $15,510,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UFPT. Advisors Asset Management Inc. bought a new stake in UFP Technologies during the first quarter worth approximately $35,000. Price T Rowe Associates Inc. MD boosted its stake in UFP Technologies by 2,331.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company's stock worth $10,879,000 after buying an additional 41,360 shares during the period. Tidal Investments LLC bought a new position in UFP Technologies during the first quarter valued at $448,000. Swedbank AB purchased a new stake in shares of UFP Technologies in the first quarter valued at $25,220,000. Finally, EverSource Wealth Advisors LLC grew its holdings in UFP Technologies by 1,614.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Trading Down 1.1 %

Shares of UFPT traded down $3.46 during mid-day trading on Tuesday, reaching $310.95. 33,935 shares of the company's stock traded hands, compared to its average volume of 61,420. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The stock's 50-day moving average is $308.34 and its two-hundred day moving average is $298.25. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. The stock has a market cap of $2.39 billion, a P/E ratio of 44.85 and a beta of 0.96.

Insider Activity at UFP Technologies

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jason Holt sold 146 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the sale, the vice president now directly owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock worth $4,620,154 in the last quarter. 6.17% of the stock is owned by company insiders.

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.