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Insider Selling: Utah Medical Products, Inc. (NASDAQ: UTMD) Director Sells 2,000 Shares


Utah Medical Products, Inc. (NASDAQ:UTMDGet a rating) Director Barbara A. Payne sold 2,000 shares of Utah Medical Products in a trade dated Wednesday, May 11. The shares were sold at an average price of $85.20, for a total value of $170,400.00. Following the sale, the director now owns 5,338 shares of the company, valued at approximately $454,797.60. The sale was disclosed in an SEC filing, available at this hyperlink.

NASDAQ:UTMD opened at $85.05 on Thursday. The company has a 50-day moving average of $87.51 and a 200-day moving average of $95.57. The company has a market capitalization of $310.86 million, a price-earnings ratio of 20.35 and a beta of 0.25. Utah Medical Products, Inc. has a 1-year low of $81.01 and a 1-year high of $133.87.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 6. Investors of record on Friday, June 17 will receive a dividend of $0.29. The ex-dividend date is Thursday, June 16. This represents a dividend of $1.16 on an annualized basis and a yield of 1.36%. Utah Medical Products’ payout ratio is 27.75%.

Separately, StockNews.com began covering Utah Medical Products in a research report on Thursday, March 31. They established a “Strong Buy” rating for the company.

A number of large investors have recently increased or reduced their stakes in UTMD. HealthInvest Partners AB increased its position in Utah Medical Products by 40.0% in Q1. HealthInvest Partners AB now owns 56,000 shares of the medical device supplier worth $5,032,000 after buying an additional 16,000 shares in the last quarter. JPMorgan Chase & Co. increased its position in Utah Medical Products by 16.9% in the 1st quarter. JPMorgan Chase & Co. now owns 101,769 shares of the medical device supplier worth $9,145,000 after buying 14,693 additional shares in the last quarter. FMR LLC increased its position in Utah Medical Products by 2.4% in the 1st quarter. FMR LLC now owns 488,255 shares of the medical device supplier worth $43,089,000 after purchasing an additional 11,248 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Utah Medical Products in Q4 for approximately $1,086,000. Finally, James Investment Research Inc. acquired a new stake in Utah Medical Products in Q1 for a value of approximately $384,000. Institutional investors hold 71.44% of the company’s shares.

Utah Medical Products Company Profile (Get a rating)

Utah Medical Products, Inc. develops, manufactures and distributes medical devices for the healthcare industry. The Company offers fetal monitoring accessories, vacuum assisted delivery systems and other labor and delivery tools; Respiratory hoods for newborns DISPOSA-HOOD; and DELTRAN PLUS blood pressure monitoring systems.

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Joan J. Dean

The author Joan J. Dean