Zacks Investment Research cut shares of UFP Technologies Inc. (NASDAQ:UFPT) from a hold rating to a strong sell rating in a report issued on Friday morning.

According to Zacks, “UFP TECH., INC. designs and manufactures a range of high-performance cushion packaging and specialty foam and plastic prods. for the industrial and consumer markets. UFP also designs precision moulded fibre packaging prods. made from recycled paper. “

Separately, TheStreet raised shares of UFP Technologies from a hold rating to a buy rating in a research note on Friday, August 19th.

UFP Technologies (NASDAQ:UFPT) opened at 25.50 on Friday. The firm has a 50 day moving average of $25.97 and a 200 day moving average of $24.12. UFP Technologies has a 1-year low of $20.40 and a 1-year high of $27.50.

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In related news, insider R Jeffrey Bailly sold 10,348 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $25.70, for a total transaction of $265,943.60. Following the transaction, the insider now owns 634,818 shares of the company’s stock, valued at $16,314,822.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of UFPT. California State Teachers Retirement System increased its position in 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 in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in UFP Technologies by 3.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 58,815 shares of the company’s stock worth $1,559,000 after buying an additional 1,889 shares in the last quarter. Northern Trust Corp increased its position in 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 in the last quarter. Alambic Investment Management L.P. increased its position in UFP Technologies by 10.8% in the second quarter. Alambic Investment Management L.P. now owns 22,277 shares of the company’s stock worth $502,000 after buying an additional 2,172 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in UFP Technologies by 18.6% in the third quarter. Neuberger Berman Group LLC now owns 26,375 shares of the company’s stock worth $699,000 after buying an additional 4,135 shares in the last quarter. 66.66% of the stock is currently owned by institutional investors.

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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