UFP Technologies (NASDAQ:UFPT) Director Sells $324,260.00 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia Feldmann sold 1,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $324.26, for a total value of $324,260.00. Following the sale, the director owned 4,476 shares of the company’s stock, valued at approximately $1,451,387.76. The trade was a 18.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

UFP Technologies Stock Performance

UFPT stock opened at $312.84 on Thursday. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $265.59 and a 200-day moving average price of $233.70. The firm has a market cap of $2.42 billion, a PE ratio of 33.71 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. As a group, equities research analysts expect that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UFPT shares. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in UFP Technologies in the fourth quarter valued at approximately $28,000. Silvant Capital Management LLC purchased a new position in UFP Technologies in the 2nd quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new position in shares of UFP Technologies in the 2nd quarter worth $32,000. Smartleaf Asset Management LLC increased its holdings in shares of UFP Technologies by 1,500.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of 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 buying an additional 155 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

About UFP Technologies

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.