Loomis Sayles & Co. L P Sells 17,301 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Loomis Sayles & Co. L P reduced its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 21.7% in the 3rd quarter, Holdings Channel reports. The firm owned 62,591 shares of the industrial products company’s stock after selling 17,301 shares during the quarter. Loomis Sayles & Co. L P’s holdings in UFP Technologies were worth $19,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Congress Asset Management Co. raised its position in shares of UFP Technologies by 0.4% during the third quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock worth $78,004,000 after acquiring an additional 986 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in UFP Technologies by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock valued at $27,737,000 after purchasing an additional 2,699 shares during the period. Swedbank AB bought a new position in UFP Technologies during the 1st quarter worth approximately $25,220,000. Mountain Pacific Investment Advisers LLC lifted its position in shares of UFP Technologies by 0.3% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock worth $29,445,000 after purchasing an additional 238 shares during the period. Finally, Geneva Capital Management LLC boosted its stake in shares of UFP Technologies by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 80,362 shares of the industrial products company’s stock valued at $25,450,000 after purchasing an additional 243 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $310.95 on Wednesday. The company has a market capitalization of $2.38 billion, a PE ratio of 44.36 and a beta of 0.96. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a twelve month low of $152.43 and a twelve month high of $366.41. The firm has a fifty day simple moving average of $308.34 and a 200 day simple moving average of $298.25.

Insider Transactions at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction on Friday, November 8th. The shares were 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 of the company’s stock, valued at $1,426,462.70. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason Holt sold 146 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the completion of the sale, the vice president now owns 6,721 shares of the company’s stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,326 shares of company stock valued at $4,620,154. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Profile

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.