Rice Hall James & Associates LLC Sells 4,507 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Rice Hall James & Associates LLC lessened its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 18.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,594 shares of the industrial products company's stock after selling 4,507 shares during the period. Rice Hall James & Associates LLC owned about 0.26% of UFP Technologies worth $4,791,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP boosted its stake in shares of UFP Technologies by 65.4% in the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company's stock valued at $133,188,000 after purchasing an additional 166,262 shares in the last quarter. State Street Corp boosted its stake in shares of UFP Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock valued at $89,772,000 after purchasing an additional 4,007 shares in the last quarter. Congress Asset Management Co. boosted its stake in shares of UFP Technologies by 14.2% in the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock valued at $68,787,000 after purchasing an additional 35,022 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of UFP Technologies by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company's stock valued at $54,799,000 after purchasing an additional 3,333 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in shares of UFP Technologies in the 4th quarter valued at $26,395,000. Institutional investors and hedge funds own 87.28% of the company's stock.

Analyst Upgrades and Downgrades

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

UFP Technologies Price Performance

NASDAQ UFPT traded down $12.44 on Friday, hitting $254.56. 64,793 shares of the company were exchanged, compared to its average volume of 95,244. The firm has a 50 day moving average of $257.90 and a two-hundred day moving average of $292.38. The company has a market cap of $1.95 billion, a P/E ratio of 36.31 and a beta of 1.04. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 1-year low of $188.50 and a 1-year high of $366.41.

UFP Technologies 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.