Utah Medical Products, Inc. (UTMD) Shares Sold by American Century Companies Inc.
American Century Companies Inc. cut its holdings in Utah Medical Products, Inc. (NASDAQ:UTMD) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,541 shares of the medical instruments supplier’s stock after selling 9,282 shares during the quarter. American Century Companies Inc. owned approximately 4.32% of Utah Medical Products worth $11,623,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in UTMD. Russell Investments Group Ltd. boosted its stake in Utah Medical Products by 19.1% in the second quarter. Russell Investments Group Ltd. now owns 47,619 shares of the medical instruments supplier’s stock valued at $3,448,000 after buying an additional 7,649 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Utah Medical Products in the second quarter valued at about $325,000. Everett Harris & Co. CA acquired a new stake in Utah Medical Products in the second quarter valued at about $210,000. Bessemer Group Inc. boosted its stake in Utah Medical Products by 39.4% in the second quarter. Bessemer Group Inc. now owns 4,600 shares of the medical instruments supplier’s stock valued at $333,000 after buying an additional 1,300 shares in the last quarter. Finally, Cardinal Capital Management boosted its stake in Utah Medical Products by 15.5% in the second quarter. Cardinal Capital Management now owns 9,180 shares of the medical instruments supplier’s stock valued at $665,000 after buying an additional 1,235 shares in the last quarter. 66.77% of the stock is currently owned by institutional investors and hedge funds.
Utah Medical Products, Inc. (NASDAQ UTMD) opened at 73.70 on Tuesday. The firm has a 50-day moving average price of $71.15 and a 200 day moving average price of $66.48. Utah Medical Products, Inc. has a 52-week low of $56.30 and a 52-week high of $75.00. The company has a market capitalization of $274.09 million, a P/E ratio of 21.14 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, September 14th. Utah Medical Products’s payout ratio is currently 30.37%.
UTMD has been the topic of several research analyst reports. ValuEngine raised Utah Medical Products from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub lowered Utah Medical Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th.
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Utah Medical Products Company Profile
Utah Medical Products, Inc (UTMD) is engaged in the business of producing medical devices that are disposable and for hospital use. The Company’s product categories include labor and delivery/obstetrics, including fetal monitoring accessories, Vacuum-Assisted Delivery Systems (VAD), and other labor and delivery tools; neonatal intensive care, including DISPOSA-HOOD, DELTRAN PLUS and GESCO; gynecology/urology/electrosurgery, including LETZ System, FINESSE+ Generator, EPITOME, PATHFINDER PLUS, HOLMIUM LASER FIBRES, LIBERTY System, ENDOCURETTE, TVUS/HSG-Cath and LUMIN, and blood pressure monitoring, including DELTRAN Disposable Pressure Transducer (DPT), and pressure monitoring accessories, components and other molded parts.
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