Today: The Insider Selling: UFP Technologies Inc. (UFPT) Insider Sold $265,943.60 in Stock

The Insider Selling: UFP Technologies Inc. (UFPT) Insider Sold $265,943.60 in Stock

UFP Technologies Inc. (NASDAQ:UFPT) insider R Jeffrey Bailly sold 10,348 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $25.70, for a total value of $265,943.60. Following the completion of the transaction, the insider now owns 634,818 shares of the company’s stock, valued at approximately $16,314,822.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

UFP Technologies Inc. (NASDAQ:UFPT) opened at 25.50 on Monday. UFP Technologies Inc. has a 52 week low of $20.40 and a 52 week high of $27.50. The firm’s 50-day moving average price is $25.97 and its 200-day moving average price is $24.12.

A number of large investors have recently modified their holdings of UFPT. Emerald Acquisition Ltd. bought a new stake in shares of UFP Technologies during the second quarter valued at $1,149,000. GSA Capital Partners LLP boosted 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 during the last quarter. Alambic Investment Management L.P. boosted 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 during the last quarter. California State Teachers Retirement System bought a new stake in shares of UFP Technologies during the second quarter valued at $303,000. Finally, Bank of New York Mellon Corp boosted 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 during the last quarter. 66.66% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on UFPT shares. Zacks Investment Research upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 19th.

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