UFP Technologies, Inc. (NASDAQ:UFPT) insider R Jeffrey Bailly sold 5,083 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $35.71, for a total value of $181,513.93. Following the transaction, the insider now owns 531,394 shares in the company, valued at approximately $18,976,079.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
R Jeffrey Bailly also recently made the following trade(s):
- On Friday, August 31st, R Jeffrey Bailly sold 20,941 shares of UFP Technologies stock. The stock was sold at an average price of $35.50, for a total value of $743,405.50.
Shares of UFPT stock opened at $35.30 on Friday. The company has a market cap of $262.00 million, a price-to-earnings ratio of 28.24 and a beta of 0.05. The company has a current ratio of 2.83, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. UFP Technologies, Inc. has a 12-month low of $25.88 and a 12-month high of $37.25.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. UFP Technologies had a return on equity of 9.11% and a net margin of 6.17%. The business had revenue of $49.02 million during the quarter, compared to analysts’ expectations of $49.50 million. research analysts predict that UFP Technologies, Inc. will post 2.12 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in shares of UFP Technologies by 137.0% during the second quarter. Acadian Asset Management LLC now owns 7,337 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 4,241 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of UFP Technologies during the second quarter valued at approximately $231,000. Wells Fargo & Company MN raised its holdings in shares of UFP Technologies by 19.8% during the fourth quarter. Wells Fargo & Company MN now owns 10,730 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 1,773 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of UFP Technologies by 141.6% during the fourth quarter. Deutsche Bank AG now owns 14,843 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 8,699 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of UFP Technologies by 9.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 22,796 shares of the industrial products company’s stock valued at $672,000 after acquiring an additional 1,987 shares during the last quarter. 68.73% of the stock is owned by institutional investors and hedge funds.
UFPT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded UFP Technologies from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Saturday, September 1st. Taglich Brothers reiterated a “buy” rating on shares of UFP Technologies in a research report on Wednesday, August 29th. ValuEngine upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, BidaskClub downgraded UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday.
UFP Technologies Company Profile
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.
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