UFP Technologies Inc. (NASDAQ:UFPT) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
According to Zacks, “UFP TECH., INC. designs and manufactures a range of high-performance cushion packaging and specialty foam and plastic prods. for the industrial and consumer markets. UFP also designs precision moulded fibre packaging prods. made from recycled paper. “
Separately, TheStreet upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 19th.
Shares of UFP Technologies (NASDAQ:UFPT) opened at 25.50 on Friday. UFP Technologies has a 12-month low of $20.40 and a 12-month high of $27.50. The stock has a market cap of $183.55 million, a PE ratio of 22.77 and a beta of 0.58. The firm has a 50-day moving average price of $26.01 and a 200 day moving average price of $24.12.
In other news, insider R Jeffrey Bailly sold 10,348 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $25.70, for a total value of $265,943.60. Following the completion of the sale, the insider now owns 634,818 shares in the company, valued at $16,314,822.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. 13.90% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in UFPT. Emerald Acquisition Ltd. bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $1,149,000. GSA Capital Partners LLP increased its stake in shares of UFP Technologies by 31.1% in the second quarter. GSA Capital Partners LLP now owns 34,119 shares of the company’s stock valued at $769,000 after buying an additional 8,090 shares in the last quarter. Alambic Investment Management L.P. increased its stake in shares of UFP Technologies by 10.8% in the second quarter. Alambic Investment Management L.P. now owns 22,277 shares of the company’s stock valued at $502,000 after buying an additional 2,172 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $303,000. Finally, Bank of New York Mellon Corp increased its stake in shares of UFP Technologies by 171.3% in the second quarter. Bank of New York Mellon Corp now owns 39,529 shares of the company’s stock valued at $890,000 after buying an additional 24,960 shares in the last quarter. 67.52% of the stock is owned by institutional investors and hedge funds.
About UFP Technologies
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.