Millington Financial Advisors LLC Sells 288 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Millington Financial Advisors LLC reduced its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,069 shares of the industrial products company’s stock after selling 288 shares during the quarter. UFP Technologies accounts for about 1.9% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Millington Financial Advisors LLC’s holdings in UFP Technologies were worth $3,269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UFPT. Creative Planning bought a new stake in UFP Technologies during the 3rd quarter valued at about $231,000. Raymond James & Associates increased its stake in UFP Technologies by 11.3% during the 3rd quarter. Raymond James & Associates now owns 18,602 shares of the industrial products company’s stock valued at $5,891,000 after purchasing an additional 1,887 shares in the last quarter. New York State Teachers Retirement System increased its stake in UFP Technologies by 8.7% during the 3rd quarter. New York State Teachers Retirement System now owns 2,608 shares of the industrial products company’s stock valued at $826,000 after purchasing an additional 208 shares in the last quarter. Diversify Wealth Management LLC increased its stake in UFP Technologies by 11.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 2,310 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 241 shares in the last quarter. Finally, Congress Asset Management Co. boosted its holdings in shares of UFP Technologies by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock valued at $78,004,000 after acquiring an additional 986 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT opened at $240.94 on Tuesday. The firm’s 50-day moving average price is $257.78 and its 200-day moving average price is $291.72. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.85 billion, a PE ratio of 34.37 and a beta of 1.04. UFP Technologies, Inc. has a 52-week low of $188.50 and a 52-week high of $366.41.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

UFP Technologies Company 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.