3,254 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,254 shares of the industrial products company's stock, valued at approximately $1,031,000.

Several other institutional investors have also added to or reduced their stakes in UFPT. Tidal Investments LLC acquired a new position in shares of UFP Technologies during the 1st quarter worth $448,000. Price T Rowe Associates Inc. MD boosted its holdings in UFP Technologies by 2,331.5% in 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 acquiring an additional 41,360 shares in the last quarter. SG Americas Securities LLC boosted its holdings in UFP Technologies by 489.8% in the first quarter. SG Americas Securities LLC now owns 4,158 shares of the industrial products company's stock worth $1,049,000 after acquiring an additional 3,453 shares in the last quarter. Sei Investments Co. boosted its holdings in UFP Technologies by 171.8% in the first quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company's stock worth $1,217,000 after acquiring an additional 3,051 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of UFP Technologies by 83.1% in the first quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company's stock worth $18,791,000 after purchasing an additional 33,806 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Performance

Shares of UFPT traded down $14.52 on Friday, reaching $294.93. 73,524 shares of the company's stock traded hands, compared to its average volume of 61,373. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.26 billion, a PE ratio of 42.07 and a beta of 0.96. The stock's 50 day simple moving average is $310.04 and its two-hundred day simple moving average is $294.87. UFP Technologies, Inc. has a 52-week low of $152.43 and a 52-week high of $366.41.

Insider Transactions at UFP Technologies

In other news, VP Jason Holt sold 146 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 of the company's stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO R Jeffrey Bailly sold 5,910 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $328.20, for a total value of $1,939,662.00. Following the completion of the transaction, the chief executive officer now directly owns 74,134 shares in the company, valued at $24,330,778.80. This trade represents a 7.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,426 shares of company stock worth $8,932,331. Company insiders own 6.17% of the company's stock.

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.