R Jeffrey Bailly Sells 10,682 Shares of UFP Technologies (NASDAQ:UFPT) Stock

Key Points

• Chairman R. Jeffrey Bailly sold 10,682 UFP Technologies shares for approximately $3.40 million, reducing his position by 37.21% to 18,024 shares. He also sold an additional 5,013 shares the following day for about $1.59 million.
• UFPT shares rose to $325, near their 52-week high of $338.71, while the company reported quarterly EPS of $2.92 and revenue of $173.96 million—both above analyst estimates.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating despite one recent upgrade to “Buy”; institutional investors own 87.28% of outstanding shares.

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Chairman R Jeffrey Bailly sold 10,682 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $318.63, for a total value of $3,403,605.66. Following the sale, the chairman owned 18,024 shares of the company's stock, valued at approximately $5,742,987.12. This trade represents a 37.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

R Jeffrey Bailly also recently made the following trade(s):

• On Friday, August 7th, R Jeffrey Bailly sold 5,013 shares of UFP Technologies stock. The shares were sold at an average price of $317.87, for a total value of $1,593,482.31.

UFP Technologies Stock Performance

UFPT traded up $10.99 on Monday, hitting $325.00. The company had a trading volume of 136,102 shares, compared to its average volume of 206,497. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 35.02 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. The company's fifty day moving average price is $250.24 and its 200 day moving average price is $230.11. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The company had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. Equities analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies in the fourth quarter worth $28,000. Smartleaf Asset Management LLC boosted its holdings in UFP Technologies by 1,500.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 165 shares during the period. Versant Capital Management Inc boosted its holdings in UFP Technologies by 1,291.7% in the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 155 shares during the period. Canada Pension Plan Investment Board acquired a new stake in UFP Technologies in the 2nd quarter worth $49,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in UFP Technologies in the 3rd quarter worth $51,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on UFPT. Weiss Ratings upgraded shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. Wall Street Zen raised UFP Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

UFP Technologies Company Profile

UFP Technologies, Inc NASDAQ: UFPT is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.

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