The Manufacturers Life Insurance Company Sells 61 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

The Manufacturers Life Insurance Company lessened its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,090 shares of the industrial products company’s stock after selling 61 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of UFP Technologies worth $1,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in UFP Technologies during the third quarter worth about $56,000. Eagle Asset Management Inc. bought a new position in shares of UFP Technologies in the third quarter valued at approximately $9,791,000. Charles Schwab Investment Management Inc. boosted its position in shares of UFP Technologies by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock valued at $21,250,000 after acquiring an additional 2,842 shares during the period. HealthInvest Partners AB boosted its position in shares of UFP Technologies by 84.2% in the third quarter. HealthInvest Partners AB now owns 18,048 shares of the industrial products company’s stock valued at $5,716,000 after acquiring an additional 8,248 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of UFP Technologies in the third quarter valued at approximately $1,176,000. Institutional investors own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In other UFP Technologies news, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now directly owns 4,049 shares in the company, valued at $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,326 shares of company stock valued at $4,620,154 over the last three months. 6.17% of the stock is owned by corporate insiders.

UFP Technologies Price Performance

UFPT stock opened at $290.72 on Wednesday. The firm has a 50 day moving average of $301.75 and a 200-day moving average of $301.70. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41. The firm has a market capitalization of $2.23 billion, a P/E ratio of 41.47 and a beta of 0.99.

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.