Insider Selling: UFP Technologies, Inc. (NASDAQ:UFPT) CFO Sells $3,458,718.90 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the sale, the chief financial officer now owns 46,130 shares in the company, valued at approximately $13,915,114.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UFP Technologies Trading Up 3.5 %

Shares of UFPT stock opened at $310.14 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 2.87. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $335.61. The company has a market capitalization of $2.38 billion, a PE ratio of 49.86 and a beta of 0.95. The business’s fifty day moving average is $285.78 and its 200 day moving average is $242.16.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their price objective on UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

Institutional Investors Weigh In On UFP Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in UFPT. Vanguard Group Inc. increased its stake in UFP Technologies by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock valued at $91,835,000 after acquiring an additional 26,269 shares during the last quarter. Wasatch Advisors LP increased its stake in UFP Technologies by 6.0% in the fourth quarter. Wasatch Advisors LP now owns 313,214 shares of the industrial products company’s stock valued at $53,885,000 after acquiring an additional 17,708 shares during the last quarter. Congress Asset Management Co. MA increased its stake in UFP Technologies by 174.1% in the first quarter. Congress Asset Management Co. MA now owns 185,935 shares of the industrial products company’s stock valued at $46,893,000 after acquiring an additional 118,106 shares during the last quarter. Swedbank AB bought a new position in UFP Technologies in the first quarter valued at $25,220,000. Finally, Mountain Pacific Investment Advisers LLC increased its stake in UFP Technologies by 2.6% in the second quarter. Mountain Pacific Investment Advisers LLC now owns 92,738 shares of the industrial products company’s stock valued at $24,471,000 after acquiring an additional 2,365 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Company 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.