UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 49.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,135 shares of the industrial products company’s stock after selling 1,112 shares during the quarter. SG Americas Securities LLC’s holdings in UFP Technologies were worth $359,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of UFP Technologies in the 2nd quarter valued at about $585,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in UFP Technologies in the second quarter worth approximately $36,000. Select Equity Group L.P. grew its holdings in UFP Technologies by 37.5% during the 2nd quarter. Select Equity Group L.P. now owns 5,246 shares of the industrial products company’s stock worth $1,384,000 after acquiring an additional 1,430 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of UFP Technologies by 14.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,151 shares of the industrial products company’s stock valued at $1,095,000 after purchasing an additional 518 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of UFP Technologies by 78.8% in the 2nd quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock valued at $7,047,000 after purchasing an additional 11,767 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Performance

Shares of UFPT opened at $302.43 on Friday. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $366.41. The stock has a 50 day moving average price of $319.84 and a 200 day moving average price of $285.34. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 47.11 and a beta of 0.93.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%. The business had revenue of $110.18 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their target price on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th.

Insider Transactions at UFP Technologies

In related news, CFO Ronald J. Lataille sold 2,392 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $329.04, for a total value of $787,063.68. Following the completion of the sale, the chief financial officer now directly owns 38,940 shares of the company’s stock, valued at $12,812,817.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other UFP Technologies news, CFO Ronald J. Lataille sold 4,798 shares of UFP Technologies stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $330.44, for a total value of $1,585,451.12. Following the transaction, the chief financial officer now directly owns 41,332 shares in the company, valued at approximately $13,657,746.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ronald J. Lataille sold 2,392 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $329.04, for a total transaction of $787,063.68. Following the sale, the chief financial officer now owns 38,940 shares of the company’s stock, valued at $12,812,817.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,134 shares of company stock worth $21,494,247. Corporate insiders own 6.17% of the company’s stock.

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.