Diversify Wealth Management LLC Purchases 716 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Diversify Wealth Management LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 31.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,026 shares of the industrial products company’s stock after acquiring an additional 716 shares during the period. Diversify Wealth Management LLC’s holdings in UFP Technologies were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Wasatch Advisors LP increased its holdings in shares of UFP Technologies by 65.4% in the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after acquiring an additional 166,262 shares during the period. Assenagon Asset Management S.A. boosted its position in UFP Technologies by 340.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after purchasing an additional 30,372 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in UFP Technologies in the third quarter valued at about $9,791,000. Franklin Resources Inc. raised its holdings in UFP Technologies by 39.4% in the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock worth $28,904,000 after purchasing an additional 26,001 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its position in shares of UFP Technologies by 34.8% during the fourth quarter. Annex Advisory Services LLC now owns 61,808 shares of the industrial products company’s stock valued at $15,113,000 after buying an additional 15,940 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock valued at $4,620,154 in the last three months. 6.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th.

UFP Technologies Trading Up 3.5 %

UFP Technologies stock opened at $274.30 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The stock has a market cap of $2.10 billion, a PE ratio of 39.13 and a beta of 1.04. The stock has a 50-day moving average of $274.04 and a two-hundred day moving average of $299.87. UFP Technologies, Inc. has a one year low of $152.43 and a one year high of $366.41.

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.