UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,157 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 16.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,366 shares of the industrial products company’s stock after selling 2,157 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in UFP Technologies were worth $3,600,000 at the end of the most recent quarter.

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

Insider Activity at UFP Technologies

In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 directly owns 6,721 shares in the company, valued at $2,303,219.49. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is currently owned by company insiders.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $269.04 on Friday. The stock has a market cap of $2.06 billion, a PE ratio of 38.38 and a beta of 0.99. The stock has a 50-day moving average of $301.07 and a 200-day moving average of $301.44. 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 one year low of $152.43 and a one year high of $366.41.

UFP Technologies 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.