UFP Technologies, Inc. (NASDAQ:UFPT) Stock Position Reduced by Diversify Advisory Services LLC

Diversify Advisory Services LLC trimmed its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 947 shares of the industrial products company’s stock after selling 90 shares during the quarter. Diversify Advisory Services LLC’s holdings in UFP Technologies were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in UFPT. American Century Companies Inc. raised its stake in UFP Technologies by 16.7% during the second quarter. American Century Companies Inc. now owns 9,212 shares of the industrial products company’s stock worth $2,431,000 after acquiring an additional 1,320 shares during the period. Envestnet Asset Management Inc. raised its position in shares of UFP Technologies by 94.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,401 shares of the industrial products company’s stock worth $3,272,000 after purchasing an additional 6,027 shares during the period. Hsbc Holdings PLC bought a new stake in shares of UFP Technologies in the 2nd quarter worth approximately $214,000. Sei Investments Co. boosted its position in UFP Technologies by 14.4% during the 2nd quarter. Sei Investments Co. now owns 5,524 shares of the industrial products company’s stock valued at $1,457,000 after purchasing an additional 697 shares during the period. Finally, ProShare Advisors LLC grew its stake in UFP Technologies by 52.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,182 shares of the industrial products company’s stock worth $576,000 after buying an additional 754 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Jason Holt sold 146 shares of the business’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 sale, the vice president now owns 6,721 shares of the company’s stock, valued at $2,303,219.49. The trade was 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 at the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

UFP Technologies Stock Performance

Shares of NASDAQ UFPT opened at $262.51 on Friday. UFP Technologies, Inc. has a 12-month low of $157.08 and a 12-month high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.01 billion, a PE ratio of 37.45 and a beta of 1.04. The stock has a 50 day simple moving average of $271.79 and a 200-day simple moving average of $299.54.

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.