UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC grew its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,554 shares of the industrial products company’s stock after purchasing an additional 1,598 shares during the quarter. Townsquare Capital LLC owned 0.29% of UFP Technologies worth $7,143,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in shares of UFP Technologies in the first quarter valued at $35,000. Price T Rowe Associates Inc. MD boosted its position in UFP Technologies by 2,331.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock valued at $10,879,000 after buying an additional 41,360 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of UFP Technologies during the first quarter valued at about $448,000. Swedbank AB acquired a new stake in shares of UFP Technologies during the first quarter valued at about $25,220,000. Finally, 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. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Buying and Selling at UFP Technologies

In other news, VP Jason Holt sold 146 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the sale, the vice president now owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock valued at $4,620,154 in the last three months. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Trading Up 3.5 %

Shares of UFPT opened at $321.92 on Friday. UFP Technologies, Inc. has a one year low of $152.43 and a one year high of $366.41. The stock has a 50-day moving average price of $306.97 and a 200 day moving average price of $298.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market capitalization of $2.47 billion, a P/E ratio of 45.92 and a beta of 0.96.

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.