UFP Technologies (NASDAQ:UFPT) Director Sells 298 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Symeria Hudson sold 298 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $319.11, for a total value of $95,094.78. Following the completion of the sale, the director owned 927 shares of the company’s stock, valued at approximately $295,814.97. This trade represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Symeria Hudson also recently made the following trade(s):

• On Friday, August 14th, Symeria Hudson sold 1,926 shares of UFP Technologies stock. The stock was sold at an average price of $324.58, for a total value of $625,141.08.

UFP Technologies Price Performance

NASDAQ UFPT traded up $6.46 during midday trading on Wednesday, hitting $320.45. The company had a trading volume of 19,646 shares, compared to its average volume of 202,460. The firm has a 50-day moving average price of $263.98 and a 200-day moving average price of $233.23. The company has a market capitalization of $2.48 billion, a PE ratio of 34.59 and a beta of 1.08. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $338.71.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) 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%. As a group, analysts anticipate that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UFP Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in UFPT. Silvant Capital Management LLC acquired a new stake in shares of UFP Technologies in the 2nd quarter worth about $29,000. Transamerica Financial Advisors LLC bought a new stake in UFP Technologies during the 2nd quarter valued at $32,000. Global Retirement Partners LLC bought a new position in shares of UFP Technologies in the fourth quarter worth $28,000. Versant Capital Management Inc boosted its holdings in shares of UFP Technologies by 1,291.7% in the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 155 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of UFP Technologies by 1,500.0% in the fourth 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 in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UFPT. 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 raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold”.

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.