Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells $95,094.78 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Symeria Hudson sold 298 shares of UFP Technologies stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total value of $95,094.78. Following the completion of the sale, the director directly owned 927 shares in the company, valued at $295,814.97. This trade represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

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

UFP Technologies Stock Performance

NASDAQ UFPT opened at $309.13 on Friday. The business has a 50 day simple moving average of $268.38 and a two-hundred day simple moving average of $234.60. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71. The stock has a market capitalization of $2.39 billion, a PE ratio of 33.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. On average, research analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Institutional Trading of UFP Technologies

A number of institutional investors have recently made changes to their positions in the business. Nykredit A S acquired a new position in UFP Technologies during the 2nd quarter valued at about $126,000. Grandeur Peak Global Advisors LLC increased its stake in UFP Technologies by 43.3% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 2,848 shares of the industrial products company’s stock valued at $755,000 after purchasing an additional 860 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of UFP Technologies in the second quarter worth $887,000. Transamerica Financial Advisors LLC purchased a new position in shares of UFP Technologies in the second quarter worth $32,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of UFP Technologies during the second quarter worth $6,018,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on UFPT. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average 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.