UFP Technologies, Inc. (NASDAQ:UFPT) Position Raised by Inspire Investing LLC

Inspire Investing LLC boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,681 shares of the industrial products company’s stock after purchasing an additional 387 shares during the quarter. Inspire Investing LLC’s holdings in UFP Technologies were worth $411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UFPT. Northwest Investment Counselors LLC acquired a new position in UFP Technologies during the 3rd quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in UFP Technologies in the 2nd quarter valued at about $36,000. GAMMA Investing LLC raised its position 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 worth $43,000 after buying an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of UFP Technologies by 67.5% in the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 81 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in UFP Technologies during the third quarter worth approximately $56,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Performance

UFPT opened at $268.58 on Friday. UFP Technologies, Inc. has a fifty-two week low of $158.74 and a fifty-two week high of $366.41. The firm has a market cap of $2.06 billion, a PE ratio of 38.31 and a beta of 1.04. 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 business has a fifty day simple moving average of $270.32 and a 200-day simple moving average of $299.07.

Insiders Place Their Bets

In related news, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction 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 $10,807,473.24. This trade represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,326 shares of company stock worth $4,620,154. Company insiders own 6.17% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday.

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.