UFP Technologies, Inc. (NASDAQ:UFPT) CEO Sells $4,342,183.18 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the completion of the transaction, the chief executive officer now directly owns 31,194 shares in the company, valued at $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

R Jeffrey Bailly also recently made the following trade(s):

• On Monday, August 19th, R Jeffrey Bailly sold 5,910 shares of UFP Technologies stock. The shares were sold at an average price of $328.20, for a total transaction of $1,939,662.00.
• On Friday, August 16th, R Jeffrey Bailly sold 10,000 shares of UFP Technologies stock. The shares were sold at an average price of $325.89, for a total transaction of $3,258,900.00.

UFP Technologies Stock Down 0.6 %

Shares of UFPT traded down $1.85 during trading hours on Friday, reaching $307.60. 2,549 shares of the stock traded hands, compared to its average volume of 61,051. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $310.39 and a 200 day simple moving average of $294.76. UFP Technologies, Inc. has a 52 week low of $152.43 and a 52 week high of $366.41. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 44.14 and a beta of 0.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in UFP Technologies during the first quarter worth about $448,000. Price T Rowe Associates Inc. MD increased its stake in shares of UFP Technologies by 2,331.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock worth $10,879,000 after purchasing an additional 41,360 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of UFP Technologies by 489.8% in the first quarter. SG Americas Securities LLC now owns 4,158 shares of the industrial products company’s stock worth $1,049,000 after purchasing an additional 3,453 shares in the last quarter. Sei Investments Co. increased its stake in shares of UFP Technologies by 171.8% in the first quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company’s stock worth $1,217,000 after purchasing an additional 3,051 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of UFP Technologies by 83.1% in the first quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock worth $18,791,000 after purchasing an additional 33,806 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

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.