UFP Technologies (NASDAQ:UFPT) Chairman R Jeffrey Bailly Sells 5,013 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Chairman R Jeffrey Bailly sold 5,013 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the completion of the sale, the chairman directly owned 13,011 shares of the company’s stock, valued at approximately $4,135,806.57. The trade was a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, August 6th, R Jeffrey Bailly sold 10,682 shares of UFP Technologies stock. The shares were sold at an average price of $318.63, for a total value of $3,403,605.66.

UFP Technologies Trading Up 3.5%

Shares of UFPT traded up $10.99 during mid-day trading on Monday, reaching $325.00. 136,102 shares of the company’s stock traded hands, compared to its average volume of 206,497. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. The stock’s 50-day moving average is $250.24 and its two-hundred day moving average is $230.11. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The stock has a market cap of $2.51 billion, a P/E ratio of 35.02 and a beta of 1.08.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in UFP Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,327 shares of the industrial products company’s stock valued at $873,000 after acquiring an additional 190 shares in the last quarter. Millennium Management LLC grew its stake in UFP Technologies by 123.1% during the 1st quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock worth $18,915,000 after buying an additional 51,741 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in UFP Technologies during the 1st quarter valued at about $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in UFP Technologies by 11.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,856 shares of the industrial products company’s stock valued at $2,593,000 after buying an additional 1,327 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in UFP Technologies by 383.0% in the first quarter. Jane Street Group LLC now owns 23,605 shares of the industrial products company’s stock valued at $4,761,000 after buying an additional 18,718 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UFPT shares. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock 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.