UFP Technologies, Inc. (NASDAQ:UFPT) insider R Jeffrey Bailly sold 6,573 shares of UFP Technologies stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $38.53, for a total transaction of $253,257.69. Following the completion of the transaction, the insider now owns 496,122 shares of the company’s stock, valued at $19,115,580.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NASDAQ:UFPT traded down $0.30 on Thursday, reaching $38.00. The company’s stock had a trading volume of 9,696 shares, compared to its average volume of 18,501. UFP Technologies, Inc. has a 52-week low of $27.80 and a 52-week high of $39.98. The stock has a market capitalization of $283.44 million, a P/E ratio of 18.02 and a beta of 0.48. The company has a quick ratio of 1.88, a current ratio of 2.90 and a debt-to-equity ratio of 0.15.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $47.33 million during the quarter, compared to analysts’ expectations of $45.10 million. UFP Technologies had a net margin of 8.35% and a return on equity of 11.79%. On average, analysts expect that UFP Technologies, Inc. will post 2.13 earnings per share for the current year.
Several brokerages recently issued reports on UFPT. BidaskClub upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Zacks Investment Research cut shares of UFP Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 28th. Finally, ValuEngine raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.
Several institutional investors have recently added to or reduced their stakes in UFPT. BNP Paribas Arbitrage SA lifted its holdings in shares of UFP Technologies by 545.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,387 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,172 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of UFP Technologies in the 4th quarter worth about $70,000. MetLife Investment Advisors LLC bought a new stake in shares of UFP Technologies in the 4th quarter worth about $95,000. Ramsey Quantitative Systems lifted its holdings in shares of UFP Technologies by 104.4% in the 4th quarter. Ramsey Quantitative Systems now owns 6,137 shares of the industrial products company’s stock worth $184,000 after acquiring an additional 3,135 shares during the last quarter. Finally, Cavalier Investments LLC bought a new stake in shares of UFP Technologies in the 4th quarter worth about $210,000. Hedge funds and other institutional investors own 70.05% of the company’s stock.
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UFP Technologies Company Profile
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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