Short Interest in Utah Medical Products, Inc. (NASDAQ:UTMD) Rises By 27.1%

Utah Medical Products, Inc. (NASDAQ:UTMD) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 63,800 shares, a growth of 27.1% from the August 31st total of 50,200 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is currently 3.3 days. Currently, 2.0% of the shares of the stock are short sold.

Utah Medical Products Stock Down 0.3 %

Utah Medical Products stock opened at $66.74 on Friday. Utah Medical Products has a 52-week low of $65.60 and a 52-week high of $89.15. The firm’s fifty day moving average is $67.77 and its 200 day moving average is $68.12. The company has a market cap of $235.46 million, a price-to-earnings ratio of 14.83 and a beta of 0.08.

Utah Medical Products (NASDAQ:UTMD) last announced its earnings results on Thursday, July 25th. The medical instruments supplier reported $0.98 earnings per share (EPS) for the quarter. The firm had revenue of $10.40 million for the quarter. Utah Medical Products had a net margin of 33.56% and a return on equity of 12.41%.

Utah Medical Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, September 20th. Utah Medical Products’s payout ratio is 26.67%.

Hedge Funds Weigh In On Utah Medical Products

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in Utah Medical Products in the second quarter worth $83,000. Victory Capital Management Inc. lifted its holdings in shares of Utah Medical Products by 124.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,673 shares of the medical instruments supplier’s stock worth $179,000 after acquiring an additional 1,482 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of Utah Medical Products by 124.1% during the 1st quarter. EntryPoint Capital LLC now owns 3,240 shares of the medical instruments supplier’s stock worth $230,000 after purchasing an additional 1,794 shares during the period. Sequoia Financial Advisors LLC bought a new position in Utah Medical Products during the 2nd quarter valued at about $307,000. Finally, Virtu Financial LLC purchased a new stake in Utah Medical Products in the 1st quarter worth about $317,000. Institutional investors own 69.60% of the company’s stock.

Utah Medical Products Company Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.