Y Intercept Hong Kong Ltd Acquires New Shares in UFP Technologies, Inc. (NASDAQ:UFPT)

Y Intercept Hong Kong Ltd acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 828 shares of the industrial products company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of UFP Technologies by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock valued at $21,250,000 after purchasing an additional 2,842 shares during the last quarter. Intech Investment Management LLC acquired a new position in UFP Technologies during the 3rd quarter worth $1,176,000. Eagle Asset Management Inc. acquired a new position in UFP Technologies during the 3rd quarter worth $9,791,000. BNP Paribas Financial Markets lifted its position in UFP Technologies by 217.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,842 shares of the industrial products company’s stock worth $2,484,000 after acquiring an additional 5,370 shares during the last quarter. Finally, Millennium Management LLC lifted its position in 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 acquiring an additional 11,767 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Monday.

Insider Activity at UFP Technologies

In related news, VP Jason Holt sold 146 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the sale, the vice president now owns 6,721 shares of the company’s stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock valued at $4,620,154 over the last quarter. 6.17% of the stock is owned by company insiders.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $241.88 on Thursday. The firm’s 50-day moving average is $298.06 and its 200-day moving average is $301.45. UFP Technologies, Inc. has a 52-week low of $152.43 and a 52-week high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 34.50 and a beta of 0.99.

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.