Victory Capital Management Inc. lifted its stake in shares of Utah Medical Products, Inc. (NASDAQ:UTMD - Free Report) by 439.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,408 shares of the medical instruments supplier's stock after buying an additional 11,735 shares during the period. Victory Capital Management Inc. owned approximately 0.41% of Utah Medical Products worth $964,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of Utah Medical Products in the third quarter worth about $231,000. Rice Hall James & Associates LLC grew its position in shares of Utah Medical Products by 24.3% in the third quarter. Rice Hall James & Associates LLC now owns 83,338 shares of the medical instruments supplier's stock valued at $5,576,000 after purchasing an additional 16,297 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Utah Medical Products in the 3rd quarter worth $53,000. Cardinal Capital Management raised its stake in Utah Medical Products by 17.9% during the third quarter. Cardinal Capital Management now owns 18,448 shares of the medical instruments supplier's stock worth $1,240,000 after purchasing an additional 2,803 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Utah Medical Products in the third quarter valued at approximately $304,000. Hedge funds and other institutional investors own 69.60% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Utah Medical Products from a "strong-buy" rating to a "buy" rating in a research report on Thursday, November 7th.
View Our Latest Report on Utah Medical Products
Utah Medical Products Stock Performance
NASDAQ UTMD traded down $0.02 on Thursday, reaching $65.15. The stock had a trading volume of 10,601 shares, compared to its average volume of 22,084. The business's 50-day moving average price is $65.77 and its 200 day moving average price is $67.14. Utah Medical Products, Inc. has a 12-month low of $63.38 and a 12-month high of $87.21. The stock has a market cap of $220.99 million, a P/E ratio of 15.26 and a beta of 0.08.
Utah Medical Products Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.305 per share. The ex-dividend date is Monday, December 16th. This is an increase from Utah Medical Products's previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.87%. Utah Medical Products's payout ratio is 28.57%.
Utah Medical Products Company Profile
(
Free Report)
Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.
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