Zions Bancorporation N.A. Makes New $1.03 Million Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

Zions Bancorporation N.A. bought a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,254 shares of the industrial products company’s stock, valued at approximately $1,031,000.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of UFP Technologies by 1,614.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after buying an additional 113 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of UFP Technologies during the third quarter worth $32,000. Advisors Asset Management Inc. purchased a new stake in shares of UFP Technologies during the 1st quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UFP Technologies in the 2nd quarter worth $36,000. Finally, GAMMA Investing LLC boosted its position 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 in the last quarter. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Down 1.7 %

Shares of NASDAQ:UFPT opened at $309.45 on Friday. The business’s 50-day moving average is $310.39 and its 200 day moving average is $294.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 1 year low of $151.38 and a 1 year high of $366.41. The firm has a market capitalization of $2.37 billion, a P/E ratio of 44.14 and a beta of 0.96.

Insider Transactions at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the transaction, the director now owns 4,049 shares in the company, valued at $1,426,462.70. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value 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 represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,426 shares of company stock worth $8,932,331. Insiders own 6.17% of the company’s stock.

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.