Utah Medical Products, Inc. (NASDAQ:UTMD) Sees Large Growth in Short Interest

Utah Medical Products, Inc. (NASDAQ:UTMDGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 58,600 shares, an increase of 158.1% from the January 15th total of 22,700 shares. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is presently 4.6 days. Currently, 1.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Utah Medical Products from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Get Our Latest Report on UTMD

Utah Medical Products Trading Up 2.2 %

Shares of Utah Medical Products stock traded up $1.62 on Monday, reaching $75.00. 19,579 shares of the stock were exchanged, compared to its average volume of 14,696. The firm has a market capitalization of $272.18 million, a PE ratio of 16.41 and a beta of 0.14. The business has a fifty day moving average price of $81.82 and a two-hundred day moving average price of $85.20. Utah Medical Products has a 1-year low of $72.60 and a 1-year high of $100.59.

Utah Medical Products (NASDAQ:UTMDGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The medical instruments supplier reported $1.18 earnings per share for the quarter. The company had revenue of $12.33 million for the quarter. Utah Medical Products had a net margin of 33.12% and a return on equity of 13.73%.

Utah Medical Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, March 14th. Utah Medical Products’s dividend payout ratio is currently 26.26%.

Hedge Funds Weigh In On Utah Medical Products

A number of large investors have recently bought and sold shares of the stock. Isthmus Partners LLC raised its stake in Utah Medical Products by 6.5% during the fourth quarter. Isthmus Partners LLC now owns 22,699 shares of the medical instruments supplier’s stock worth $1,912,000 after purchasing an additional 1,392 shares during the period. Advisory Services Network LLC raised its stake in shares of Utah Medical Products by 47.8% in the 4th quarter. Advisory Services Network LLC now owns 4,885 shares of the medical instruments supplier’s stock valued at $411,000 after acquiring an additional 1,579 shares during the period. Brandes Investment Partners LP raised its stake in shares of Utah Medical Products by 21.2% in the 4th quarter. Brandes Investment Partners LP now owns 32,825 shares of the medical instruments supplier’s stock valued at $2,765,000 after acquiring an additional 5,746 shares during the period. UBS Group AG raised its stake in shares of Utah Medical Products by 76.7% in the 4th quarter. UBS Group AG now owns 4,858 shares of the medical instruments supplier’s stock valued at $409,000 after acquiring an additional 2,108 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Utah Medical Products by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 163,044 shares of the medical instruments supplier’s stock valued at $13,732,000 after acquiring an additional 3,128 shares during the period. Hedge funds and other institutional investors own 70.35% of the company’s stock.

About Utah Medical Products

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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; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.

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