R Jeffrey Bailly Sells 900 Shares of UFP Technologies Inc. (UFPT) Stock
UFP Technologies Inc. (NASDAQ:UFPT) insider R Jeffrey Bailly sold 900 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $25.53, for a total value of $22,977.00. Following the transaction, the insider now directly owns 629,968 shares in the company, valued at approximately $16,083,083.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
R Jeffrey Bailly also recently made the following trade(s):
- On Friday, November 25th, R Jeffrey Bailly sold 3,950 shares of UFP Technologies stock. The shares were sold at an average price of $25.51, for a total value of $100,764.50.
- On Tuesday, November 22nd, R Jeffrey Bailly sold 10,348 shares of UFP Technologies stock. The shares were sold at an average price of $25.70, for a total value of $265,943.60.
UFP Technologies Inc. (NASDAQ:UFPT) opened at 25.10 on Thursday. The company’s 50-day moving average price is $25.96 and its 200-day moving average price is $24.13. The stock has a market cap of $180.67 million, a PE ratio of 22.41 and a beta of 0.58. UFP Technologies Inc. has a 12-month low of $20.40 and a 12-month high of $27.50.
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UFPT has been the topic of several analyst reports. Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. TheStreet upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 19th.
Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of UFP Technologies by 420,000.0% in the third quarter. Wells Fargo & Company MN now owns 4,201 shares of the company’s stock worth $111,000 after buying an additional 4,200 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in UFP Technologies during the third quarter valued at $143,000. Nationwide Fund Advisors purchased a new position in UFP Technologies during the second quarter valued at $190,000. Schwab Charles Investment Management Inc. purchased a new position in UFP Technologies during the second quarter valued at $224,000. Finally, Teachers Advisors Inc. purchased a new position in UFP Technologies during the second quarter valued at $223,000. Institutional investors own 66.66% of the company’s stock.
UFP Technologies Company Profile
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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