UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Raymond James & Associates

Raymond James & Associates increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,602 shares of the industrial products company’s stock after acquiring an additional 1,887 shares during the quarter. Raymond James & Associates’ holdings in UFP Technologies were worth $5,891,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of UFPT. EverSource Wealth Advisors LLC increased its position in shares of UFP Technologies by 1,614.3% during the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 113 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of UFP Technologies during the first quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UFP Technologies in the second quarter worth approximately $36,000. GAMMA Investing LLC grew its stake in shares of UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Finally, Fulton Bank N.A. acquired a new stake in UFP Technologies during the 3rd quarter worth about $222,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital upped their price objective on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th.

Insiders Place Their Bets

In other UFP Technologies news, CEO R Jeffrey Bailly sold 1,083 shares of UFP Technologies stock in a transaction on Monday, August 12th. The stock was sold at an average price of $310.36, for a total value of $336,119.88. Following the completion of the transaction, the chief executive officer now directly owns 139,341 shares of the company’s stock, valued at $43,245,872.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO R Jeffrey Bailly sold 1,083 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $310.36, for a total value of $336,119.88. Following the completion of the transaction, the chief executive officer now owns 139,341 shares of the company’s stock, valued at $43,245,872.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ronald J. Lataille sold 11,466 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the completion of the transaction, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,536 shares of company stock worth $20,983,894 over the last three months. Insiders own 6.17% of the company’s stock.

UFP Technologies Stock Down 2.6 %

Shares of NASDAQ:UFPT opened at $267.00 on Friday. UFP Technologies, Inc. has a 52 week low of $127.29 and a 52 week high of $366.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 3.13. The company has a market capitalization of $2.05 billion, a PE ratio of 41.59 and a beta of 0.93. The company has a 50 day moving average price of $313.41 and a two-hundred day moving average price of $287.68.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. The company had revenue of $110.18 million during the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.