Victory Capital Management Inc. Sells 6,733 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Victory Capital Management Inc. lessened its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 13.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,191 shares of the industrial products company’s stock after selling 6,733 shares during the period. Victory Capital Management Inc. owned 0.58% of UFP Technologies worth $13,995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UFPT. Janney Montgomery Scott LLC bought a new stake in UFP Technologies in the 1st quarter valued at about $229,000. Sei Investments Co. raised its position in shares of UFP Technologies by 171.8% during the first quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company’s stock worth $1,217,000 after purchasing an additional 3,051 shares during the period. ProShare Advisors LLC raised its position in shares of UFP Technologies by 7.4% during the first quarter. ProShare Advisors LLC now owns 1,428 shares of the industrial products company’s stock worth $360,000 after purchasing an additional 99 shares during the period. CreativeOne Wealth LLC bought a new position in shares of UFP Technologies in the 1st quarter worth $272,000. Finally, Advisors Asset Management Inc. bought a new stake in UFP Technologies during the 1st quarter valued at $35,000. 87.28% of the stock is owned by institutional investors.

Insider Activity at UFP Technologies

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ronald J. Lataille sold 2,392 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 38,940 shares in the company, valued at $12,812,817.60. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,718 shares of company stock valued at $5,407,218 over the last ninety days. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Stock Up 4.1 %

Shares of NASDAQ UFPT opened at $290.49 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 1 year low of $152.43 and a 1 year high of $366.41. The stock has a market capitalization of $2.23 billion, a P/E ratio of 41.44 and a beta of 0.96. The company has a 50-day moving average price of $308.59 and a 200-day moving average price of $296.58.

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.