UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel C. Croteau Sells 6,846 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

UFP Technologies Stock Down 5.4 %

Shares of UFPT stock opened at $215.24 on Tuesday. 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’s 50 day simple moving average is $256.34 and its 200 day simple moving average is $288.96. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.70 and a beta of 1.04. UFP Technologies, Inc. has a twelve month low of $188.50 and a twelve month high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million during the quarter, compared to analysts’ expectations of $141.67 million.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Arete Wealth Advisors LLC raised its position in UFP Technologies by 5.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 49 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of UFP Technologies by 1.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock worth $1,041,000 after acquiring an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 66 shares during the period. Anchor Capital Advisors LLC raised its holdings in UFP Technologies by 1.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock worth $1,108,000 after purchasing an additional 69 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in UFP Technologies by 1.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company’s stock valued at $1,435,000 after purchasing an additional 70 shares during the period. 87.28% of the stock is owned by institutional investors.

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.