Louisiana State Employees Retirement System Sells 100 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Louisiana State Employees Retirement System decreased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,500 shares of the industrial products company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in UFP Technologies were worth $1,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in UFP Technologies by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock worth $91,835,000 after purchasing an additional 26,269 shares during the period. Norden Group LLC lifted its holdings in UFP Technologies by 41.7% during the 1st quarter. Norden Group LLC now owns 2,844 shares of the industrial products company’s stock valued at $717,000 after buying an additional 837 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in UFP Technologies during the 1st quarter valued at about $430,000. BNP Paribas Financial Markets boosted its position in UFP Technologies by 20.9% in the 1st quarter. BNP Paribas Financial Markets now owns 4,224 shares of the industrial products company’s stock valued at $1,065,000 after buying an additional 731 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in UFP Technologies in the 1st quarter worth about $229,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 10,887 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the sale, the chief executive officer now owns 143,970 shares of the company’s stock, valued at approximately $44,696,926.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO R Jeffrey Bailly sold 10,887 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the completion of the sale, the chief executive officer now directly owns 143,970 shares in the company, valued at $44,696,926.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ronald J. Lataille sold 4,798 shares of UFP Technologies stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 41,332 shares in the company, valued at $13,657,746.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,536 shares of company stock valued at $20,983,894 over the last 90 days. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Stock Performance

UFPT stock opened at $272.66 on Friday. UFP Technologies, Inc. has a 1-year low of $131.88 and a 1-year high of $366.41. The business has a 50-day moving average price of $311.03 and a 200 day moving average price of $288.27. The company has a market capitalization of $2.09 billion, a P/E ratio of 42.47 and a beta of 0.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63.

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

Analysts Set New Price Targets

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

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.