Brown Capital Management LLC Has $15.45 Million Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Brown Capital Management LLC reduced its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 9.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 48,768 shares of the industrial products company’s stock after selling 5,071 shares during the quarter. Brown Capital Management LLC’s holdings in UFP Technologies were worth $15,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of UFP Technologies by 1,614.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after buying an additional 113 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of UFP Technologies in the 3rd quarter valued at approximately $32,000. Advisors Asset Management Inc. bought a new stake in UFP Technologies during the first quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UFP Technologies in the second quarter valued at about $36,000. Finally, GAMMA Investing LLC grew its holdings in shares of UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Trading Up 2.9 %

NASDAQ UFPT opened at $298.79 on Thursday. 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 cap of $2.29 billion, a price-to-earnings ratio of 42.62 and a beta of 0.96. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. The business’s fifty day moving average is $308.56 and its 200 day moving average is $296.78.

Insiders Place Their Bets

In other news, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares of the company’s stock, valued at $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,718 shares of company stock valued at $5,407,218 in the last ninety days. 6.17% of the stock is currently owned by insiders.

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.