Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells 1,926 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Symeria Hudson sold 1,926 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $324.58, for a total value of $625,141.08. Following the sale, the director owned 1,225 shares in the company, valued at $397,610.50. The trade was a 61.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

UFP Technologies Stock Down 0.1%

NASDAQ UFPT traded down $0.45 during trading hours on Monday, hitting $321.31. 89,016 shares of the company traded hands, compared to its average volume of 200,278. The business’s 50-day moving average is $262.32 and its 200-day moving average is $232.74. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $338.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 34.62 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results 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 firm 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%. Sell-side analysts anticipate that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Institutional Trading of UFP Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in shares of UFP Technologies during the 4th quarter worth approximately $28,000. Silvant Capital Management LLC bought a new stake in UFP Technologies in the 2nd quarter valued at $29,000. Transamerica Financial Advisors LLC acquired a new stake in UFP Technologies during the 2nd quarter valued at $32,000. 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. Finally, Versant Capital Management Inc boosted its position in UFP Technologies by 1,291.7% during the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 155 shares during the period. Institutional investors own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

UFPT has been the topic of several analyst reports. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of 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, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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.