MML Investors Services LLC Makes New $219,000 Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

MML Investors Services LLC purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 693 shares of the industrial products company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies in the 3rd quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UFP Technologies during the 2nd quarter valued at $36,000. GAMMA Investing LLC raised its stake in UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of UFP Technologies by 67.5% in the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 81 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of UFP Technologies in the third quarter worth $56,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

UFP Technologies Trading Up 1.0 %

NASDAQ UFPT opened at $254.62 on Friday. The firm’s 50 day moving average price is $291.92 and its two-hundred day moving average price is $301.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 36.32 and a beta of 0.99.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, VP Jason Holt sold 146 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the completion of the sale, the vice president now owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the completion of the sale, the chief executive officer now owns 31,194 shares of the company’s stock, valued at $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is currently owned by company insiders.

About UFP Technologies

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.