Utah Medical Products, Inc. (NASDAQ:UTMD)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $96.25 and last traded at $96.25, with a volume of 18424 shares. The stock had previously closed at $94.30.
Separately, BidaskClub upgraded shares of Utah Medical Products from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th.
The company has a market cap of $343.41, a price-to-earnings ratio of 23.61 and a beta of 0.77.
Utah Medical Products (NASDAQ:UTMD) last released its earnings results on Tuesday, January 30th. The medical instruments supplier reported $0.95 earnings per share (EPS) for the quarter. The business had revenue of $10.20 million for the quarter. Utah Medical Products had a net margin of 20.54% and a return on equity of 18.85%.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. Utah Medical Products’s dividend payout ratio is currently 47.16%.
In other news, Director Ernst G. Hoyer sold 1,529 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $88.08, for a total transaction of $134,674.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin L. Cornwell sold 1,100 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $93.97, for a total transaction of $103,367.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,169 shares of company stock valued at $1,466,903. 8.80% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Utah Medical Products during the fourth quarter worth about $130,000. MetLife Investment Advisors LLC bought a new stake in shares of Utah Medical Products during the fourth quarter worth about $163,000. SG Americas Securities LLC bought a new stake in shares of Utah Medical Products during the fourth quarter worth about $189,000. The Manufacturers Life Insurance Company increased its position in shares of Utah Medical Products by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 3,355 shares of the medical instruments supplier’s stock worth $242,000 after acquiring an additional 448 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Utah Medical Products during the fourth quarter worth about $289,000. 67.12% of the stock is owned by institutional investors.
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Utah Medical Products Company Profile
Utah Medical Products, Inc (UTMD) is engaged in the business of producing medical devices that are disposable and for hospital use. The Company’s product categories include labor and delivery/obstetrics, including fetal monitoring accessories, Vacuum-Assisted Delivery Systems (VAD), and other labor and delivery tools; neonatal intensive care, including DISPOSA-HOOD, DELTRAN PLUS and GESCO; gynecology/urology/electrosurgery, including LETZ System, FINESSE+ Generator, EPITOME, PATHFINDER PLUS, HOLMIUM LASER FIBRES, LIBERTY System, ENDOCURETTE, TVUS/HSG-Cath and LUMIN, and blood pressure monitoring, including DELTRAN Disposable Pressure Transducer (DPT), and pressure monitoring accessories, components and other molded parts.
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