Teachers Advisors LLC Grows Stake in Utah Medical Products, Inc. (UTMD)

Teachers Advisors LLC grew its position in Utah Medical Products, Inc. (NASDAQ:UTMD) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,710 shares of the medical instruments supplier’s stock after acquiring an additional 208 shares during the quarter. Teachers Advisors LLC owned about 0.15% of Utah Medical Products worth $413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UTMD. Russell Investments Group Ltd. lifted its position in shares of Utah Medical Products by 19.1% in the second quarter. Russell Investments Group Ltd. now owns 47,619 shares of the medical instruments supplier’s stock valued at $3,448,000 after acquiring an additional 7,649 shares in the last quarter. Strs Ohio lifted its position in shares of Utah Medical Products by 8.0% in the second quarter. Strs Ohio now owns 2,700 shares of the medical instruments supplier’s stock valued at $195,000 after acquiring an additional 200 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Utah Medical Products by 9.3% in the second quarter. Janney Montgomery Scott LLC now owns 3,947 shares of the medical instruments supplier’s stock valued at $286,000 after acquiring an additional 335 shares in the last quarter. Spark Investment Management LLC purchased a new position in shares of Utah Medical Products in the second quarter valued at approximately $325,000. Finally, Cardinal Capital Management lifted its position in shares of Utah Medical Products by 15.5% in the second quarter. Cardinal Capital Management now owns 9,180 shares of the medical instruments supplier’s stock valued at $665,000 after acquiring an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 64.24% of the company’s stock.

Separately, BidaskClub upgraded Utah Medical Products from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th.

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Utah Medical Products, Inc. (NASDAQ:UTMD) opened at $75.35 on Tuesday. The firm has a market capitalization of $278.30, a P/E ratio of 20.33 and a beta of 0.75. Utah Medical Products, Inc. has a 1 year low of $58.50 and a 1 year high of $77.95.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Utah Medical Products’s previous quarterly dividend of $0.27. Utah Medical Products’s dividend payout ratio (DPR) is currently 28.80%.

About Utah Medical Products

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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Institutional Ownership by Quarter for Utah Medical Products (NASDAQ:UTMD)

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