UFP Technologies (NASDAQ:UFPT) Trading Down 6% – Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) was down 6% during mid-day trading on Thursday . The company traded as low as $272.67 and last traded at $277.95. Approximately 18,026 shares were traded during trading, a decline of 70% from the average daily volume of 60,892 shares. The stock had previously closed at $295.60.

UFP Technologies Trading Down 8.0 %

The company’s fifty day moving average is $301.54 and its 200-day moving average is $301.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company has a market capitalization of $2.09 billion, a PE ratio of 38.90 and a beta of 0.99.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value of $4,342,183.18. Following the sale, the chief executive officer now owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,326 shares of company stock valued at $4,620,154. Corporate insiders own 6.17% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UFPT. Baader Bank Aktiengesellschaft purchased a new stake in shares of UFP Technologies during the second quarter worth about $240,000. Assenagon Asset Management S.A. grew its position in UFP Technologies by 28.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,161 shares of the industrial products company’s stock worth $4,264,000 after purchasing an additional 3,599 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of UFP Technologies by 100.5% in the second quarter. Portside Wealth Group LLC now owns 1,688 shares of the industrial products company’s stock worth $445,000 after buying an additional 846 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of UFP Technologies by 1.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company’s stock worth $1,569,000 after buying an additional 61 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in shares of UFP Technologies by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 3,600 shares of the industrial products company’s stock valued at $950,000 after buying an additional 100 shares during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Company 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.