Daniel C. Croteau Sells 6,846 Shares of UFP Technologies, Inc. (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

UFP Technologies Price Performance

Shares of UFPT opened at $212.88 on Wednesday. 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 company’s fifty day simple moving average is $255.56 and its 200 day simple moving average is $288.17. UFP Technologies, Inc. has a 1-year low of $188.50 and a 1-year high of $366.41. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 30.37 and a beta of 1.04.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The company had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On UFP Technologies

A number of institutional investors have recently bought and sold shares of the business. AlphaQuest LLC bought a new position in shares of UFP Technologies during the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new stake in UFP Technologies during the 4th quarter valued at $42,000. Truvestments Capital LLC bought a new position in UFP Technologies during the third quarter worth $56,000. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies in the fourth quarter valued at $74,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 87.28% 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.