World Investment Advisors LLC Invests $792,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

World Investment Advisors LLC acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,500 shares of the industrial products company's stock, valued at approximately $792,000.

Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in UFP Technologies during the 3rd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in UFP Technologies during the second quarter valued at $36,000. GAMMA Investing LLC increased its holdings in UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in UFP Technologies by 67.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company's stock worth $53,000 after purchasing an additional 81 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of UFP Technologies during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut UFP Technologies from a "hold" rating to a "sell" rating in a report on Monday.

Insider Activity

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

UFP Technologies Price Performance

UFPT stock traded up $6.42 during trading on Tuesday, hitting $253.40. 261,942 shares of the company's stock traded hands, compared to its average volume of 62,848. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 34.91 and a beta of 0.99. The business has a fifty day simple moving average of $299.71 and a 200 day simple moving average of $301.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

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.