Insider Selling: UFP Technologies, Inc. (NASDAQ:UFPT) CEO Sells 12,533 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the transaction, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, August 19th, R Jeffrey Bailly sold 5,910 shares of UFP Technologies stock. The shares were sold at an average price of $328.20, for a total transaction of $1,939,662.00.
• On Friday, August 16th, R Jeffrey Bailly sold 10,000 shares of UFP Technologies stock. The stock was sold at an average price of $325.89, for a total transaction of $3,258,900.00.

UFP Technologies Price Performance

NASDAQ:UFPT traded down $0.88 during trading hours on Thursday, reaching $314.00. 39,851 shares of the company were exchanged, compared to its average volume of 61,191. The stock’s 50-day moving average is $310.39 and its 200-day moving average is $294.76. UFP Technologies, Inc. has a twelve month low of $151.38 and a twelve month high of $366.41. The firm has a market cap of $2.41 billion, a PE ratio of 44.92 and a beta of 0.96. The company has a current ratio of 2.56, a quick ratio of 1.43 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their price target on UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new stake in UFP Technologies during the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC boosted its position in UFP Technologies by 1,614.3% during the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 113 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in UFP Technologies during the 1st quarter valued at about $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UFP Technologies in the 2nd quarter valued at about $36,000. Finally, GAMMA Investing LLC lifted its stake in UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.