Victory Capital Management Inc. Cuts Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Victory Capital Management Inc. cut its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 13.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,191 shares of the industrial products company's stock after selling 6,733 shares during the quarter. Victory Capital Management Inc. owned 0.58% of UFP Technologies worth $13,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of UFP Technologies by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company's stock worth $536,000 after purchasing an additional 38 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its stake in shares of UFP Technologies by 2.9% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company's stock worth $385,000 after purchasing an additional 41 shares in the last quarter. Millington Financial Advisors LLC increased its stake in shares of UFP Technologies by 0.4% in the 2nd quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company's stock worth $3,361,000 after purchasing an additional 51 shares in the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 60 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of UFP Technologies by 1.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company's stock worth $1,569,000 after purchasing an additional 61 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

Insider Buying and Selling at UFP Technologies

In other news, VP Jason Holt sold 146 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now directly owns 6,721 shares of the company's stock, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ronald J. Lataille sold 2,392 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $329.04, for a total transaction of $787,063.68. Following the transaction, the chief financial officer now directly owns 38,940 shares in the company, valued at approximately $12,812,817.60. This trade represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,718 shares of company stock valued at $5,407,218 in the last 90 days. Insiders own 6.17% of the company's stock.

UFP Technologies Price Performance

UFPT stock traded up $8.30 during trading on Wednesday, reaching $298.79. The company's stock had a trading volume of 77,065 shares, compared to its average volume of 61,515. UFP Technologies, Inc. has a 1 year low of $152.43 and a 1 year high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.29 billion, a P/E ratio of 41.22 and a beta of 0.96. The company's fifty day moving average is $308.56 and its 200-day moving average is $296.78.

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.