R Jeffrey Bailly Sells 3,950 Shares of UFP Technologies Inc. (UFPT) Stock
UFP Technologies Inc. (NASDAQ:UFPT) insider R Jeffrey Bailly sold 3,950 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $25.51, for a total transaction of $100,764.50. Following the sale, the insider now owns 631,999 shares in the company, valued at approximately $16,122,294.49. The sale was disclosed in a legal filing with the SEC, which is available at this link.
R Jeffrey Bailly also recently made the following trade(s):
- On Tuesday, November 22nd, R Jeffrey Bailly sold 10,348 shares of UFP Technologies stock. The stock was sold at an average price of $25.70, for a total value of $265,943.60.
UFP Technologies Inc. (NASDAQ:UFPT) traded down 1.57% during trading on Monday, hitting $25.10. The stock had a trading volume of 30,889 shares. UFP Technologies Inc. has a 52-week low of $20.40 and a 52-week high of $27.50. The stock’s 50-day moving average is $25.97 and its 200-day moving average is $24.12.
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A number of large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new stake in shares of UFP Technologies during the third quarter worth $143,000. Northern Trust Corp increased its stake in shares of UFP Technologies by 2.7% in the third quarter. Northern Trust Corp now owns 81,747 shares of the company’s stock worth $2,166,000 after buying an additional 2,150 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of UFP Technologies by 15.2% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 699,864 shares of the company’s stock worth $18,547,000 after buying an additional 92,276 shares during the last quarter. Emerald Acquisition Ltd. increased its stake in shares of UFP Technologies by 34.2% in the third quarter. Emerald Acquisition Ltd. now owns 68,449 shares of the company’s stock worth $1,814,000 after buying an additional 17,449 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of UFP Technologies by 0.7% in the third quarter. California State Teachers Retirement System now owns 13,538 shares of the company’s stock worth $359,000 after buying an additional 100 shares during the last quarter. 66.66% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on UFPT. Zacks Investment Research lowered UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. TheStreet raised UFP Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 19th.
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.
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