R Jeffrey Bailly Sells 10,682 Shares of UFP Technologies (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Chairman R Jeffrey Bailly sold 10,682 shares of UFP Technologies stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $318.63, for a total value of $3,403,605.66. Following the sale, the chairman directly owned 18,024 shares in the company, valued at approximately $5,742,987.12. This trade represents a 37.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

R Jeffrey Bailly also recently made the following trade(s):

• On Friday, August 7th, R Jeffrey Bailly sold 5,013 shares of UFP Technologies stock. The shares were sold at an average price of $317.87, for a total value of $1,593,482.31.

UFP Technologies Stock Performance

Shares of UFPT stock traded up $10.99 during mid-day trading on Monday, reaching $325.00. The stock had a trading volume of 136,102 shares, compared to its average volume of 206,497. The firm’s 50 day simple moving average is $250.24 and its 200 day simple moving average is $230.11. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $338.71. The firm has a market cap of $2.51 billion, a PE ratio of 35.02 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.61. The company had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. On average, analysts forecast that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UFPT. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of UFP Technologies in the 4th quarter worth about $28,000. Versant Capital Management Inc lifted its holdings in UFP Technologies by 1,291.7% during the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 155 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 165 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in UFP Technologies in the second quarter valued at about $49,000. Finally, PNC Financial Services Group Inc. boosted its position in UFP Technologies by 66.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.