Zions Bancorporation N.A. Makes New $1.03 Million Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

Zions Bancorporation N.A. acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,254 shares of the industrial products company’s stock, valued at approximately $1,031,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UFPT. Swedbank AB bought a new stake in UFP Technologies in the first quarter worth $25,220,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of UFP Technologies by 2,331.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock worth $10,879,000 after acquiring an additional 41,360 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of UFP Technologies by 83.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock worth $18,791,000 after purchasing an additional 33,806 shares during the period. Millennium Management LLC boosted its stake in shares of UFP Technologies by 78.8% during the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock worth $7,047,000 after purchasing an additional 11,767 shares during the period. Finally, Marshall Wace LLP bought a new position in UFP Technologies during the 2nd quarter valued at about $2,412,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Down 1.7 %

Shares of NASDAQ UFPT opened at $309.45 on Friday. The company has a market cap of $2.37 billion, a P/E ratio of 44.14 and a beta of 0.96. The firm has a 50-day simple moving average of $310.39 and a two-hundred day simple moving average of $294.76. UFP Technologies, Inc. has a 1 year low of $151.38 and a 1 year high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

Insider Buying and Selling

In related news, CFO Ronald J. Lataille sold 4,798 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $330.44, for a total value of $1,585,451.12. Following the completion of the sale, the chief financial officer now owns 41,332 shares in the company, valued at approximately $13,657,746.08. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the transaction, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,426 shares of company stock valued at $8,932,331. Insiders own 6.17% of the company’s stock.

UFP Technologies Profile

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.