Victory Capital Management Inc. Grows Stock Holdings in Utah Medical Products, Inc. (NASDAQ:UTMD)

Victory Capital Management Inc. lifted its position in shares of Utah Medical Products, Inc. (NASDAQ:UTMD) by 439.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,408 shares of the medical instruments supplier’s stock after purchasing an additional 11,735 shares during the period. Victory Capital Management Inc. owned about 0.41% of Utah Medical Products worth $964,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Copeland Capital Management LLC purchased a new stake in shares of Utah Medical Products during the 3rd quarter worth $53,000. Allspring Global Investments Holdings LLC purchased a new stake in Utah Medical Products in the second quarter valued at $83,000. GSA Capital Partners LLP purchased a new stake in Utah Medical Products in the third quarter valued at $231,000. Virtu Financial LLC purchased a new stake in Utah Medical Products in the first quarter valued at $317,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Utah Medical Products in the third quarter valued at $304,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

Utah Medical Products Price Performance

Shares of UTMD opened at $65.15 on Thursday. Utah Medical Products, Inc. has a 1-year low of $63.38 and a 1-year high of $87.21. The stock has a market cap of $220.99 million, a PE ratio of 15.26 and a beta of 0.08. The firm has a fifty day moving average price of $65.77 and a 200 day moving average price of $67.14.

Utah Medical Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be given a $0.305 dividend. The ex-dividend date is Monday, December 16th. This is a boost from Utah Medical Products’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 1.87%. Utah Medical Products’s payout ratio is 28.57%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Utah Medical Products from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 7th.

About Utah Medical Products

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.