Calamos Advisors LLC Sells 6,891 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Calamos Advisors LLC lowered its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 58.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,927 shares of the industrial products company’s stock after selling 6,891 shares during the period. Calamos Advisors LLC’s holdings in UFP Technologies were worth $1,205,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies during the third quarter worth $32,000. GAMMA Investing LLC grew its holdings in UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 60 shares during the period. Truvestments Capital LLC acquired a new stake in UFP Technologies during the 3rd quarter worth about $56,000. KBC Group NV grew its holdings in UFP Technologies by 42.4% during the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 81 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in UFP Technologies by 97.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Price Performance

UFPT stock opened at $285.04 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company’s 50-day moving average is $265.90 and its 200-day moving average is $297.11. The stock has a market capitalization of $2.19 billion, a PE ratio of 40.66 and a beta of 1.04. UFP Technologies, Inc. has a 1 year low of $167.71 and a 1 year high of $366.41.

Insiders Place Their Bets

In other news, VP Jason Holt sold 146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the transaction, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now owns 4,049 shares in the company, valued at approximately $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,326 shares of company stock worth $4,620,154. Corporate insiders own 6.17% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Profile

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.