UFP Technologies Inc. (NASDAQ:UFPT) insider R Jeffrey Bailly sold 10,348 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $25.70, for a total transaction of $265,943.60. Following the sale, the insider now owns 634,818 shares in the company, valued at approximately $16,314,822.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of UFP Technologies Inc. (NASDAQ:UFPT) opened at 25.50 on Friday. UFP Technologies Inc. has a 52 week low of $20.40 and a 52 week high of $27.50. The firm has a market cap of $183.55 million, a price-to-earnings ratio of 22.77 and a beta of 0.58. The firm has a 50 day moving average of $26.01 and a 200 day moving average of $24.12.

Insider Buying and Selling by Quarter for UFP Technologies (NASDAQ:UFPT)

UFPT has been the topic of several research reports. TheStreet upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 19th. Zacks Investment Research lowered shares of UFP Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 16th.

A number of hedge funds and other institutional investors have recently made changes to their positions in UFPT. Wells Fargo & Company MN increased its position in shares of UFP Technologies by 420,000.0% in the third quarter. Wells Fargo & Company MN now owns 4,201 shares of the company’s stock valued at $111,000 after buying an additional 4,200 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of UFP Technologies during the third quarter valued at approximately $143,000. Nationwide Fund Advisors purchased a new position in shares of UFP Technologies during the second quarter valued at approximately $190,000. Teachers Advisors Inc. purchased a new position in shares of UFP Technologies during the second quarter valued at approximately $223,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of UFP Technologies during the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 67.52% of the company’s stock.

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UFP Technologies Company Profile

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

5 Day Chart for NASDAQ:UFPT

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