Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells $625,141.08 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Symeria Hudson sold 1,926 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $324.58, for a total value of $625,141.08. Following the completion of the sale, the director directly owned 1,225 shares in the company, valued at approximately $397,610.50. The trade was a 61.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Symeria Hudson also recently made the following trade(s):

• On Tuesday, August 18th, Symeria Hudson sold 298 shares of UFP Technologies stock. The shares were sold at an average price of $319.11, for a total transaction of $95,094.78.

UFP Technologies Trading Down 0.4%

NASDAQ UFPT opened at $312.84 on Thursday. The company has a market cap of $2.42 billion, a P/E ratio of 33.71 and a beta of 1.08. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. The company has a 50-day moving average of $265.59 and a 200-day moving average of $233.70.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The business had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $159.38 million. As a group, equities analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UFPT. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies in the fourth quarter worth $28,000. Silvant Capital Management LLC acquired a new position in shares of UFP Technologies during the 2nd quarter valued at $29,000. Transamerica Financial Advisors LLC acquired a new position in shares of UFP Technologies during the 2nd quarter valued at $32,000. Smartleaf Asset Management LLC boosted its position in UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 165 shares during the period. Finally, Versant Capital Management Inc boosted its position in UFP Technologies by 1,291.7% during the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on UFPT shares. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, UFP Technologies has a consensus rating of “Hold”.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.