Schwab Charles Investment Management Inc. Sells 1,991 Shares of Utah Medical Products, Inc. (UTMD)

Schwab Charles Investment Management Inc. lowered its stake in shares of Utah Medical Products, Inc. (NASDAQ:UTMD) by 20.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,700 shares of the medical instruments supplier’s stock after selling 1,991 shares during the period. Schwab Charles Investment Management Inc. owned about 0.21% of Utah Medical Products worth $558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Utah Medical Products by 19.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 47,619 shares of the medical instruments supplier’s stock valued at $3,448,000 after buying an additional 7,649 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Utah Medical Products by 39.4% during the 2nd quarter. Bessemer Group Inc. now owns 4,600 shares of the medical instruments supplier’s stock valued at $333,000 after buying an additional 1,300 shares during the last quarter. Spark Investment Management LLC purchased a new position in shares of Utah Medical Products during the 2nd quarter valued at about $325,000. Cardinal Capital Management raised its stake in shares of Utah Medical Products by 15.5% during the 2nd quarter. Cardinal Capital Management now owns 9,180 shares of the medical instruments supplier’s stock valued at $665,000 after buying an additional 1,235 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Utah Medical Products by 9.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,947 shares of the medical instruments supplier’s stock valued at $286,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 66.96% 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.

Shares of Utah Medical Products, Inc. (NASDAQ UTMD) opened at $76.50 on Friday. The stock has a market cap of $281.13, a P/E ratio of 20.56 and a beta of 0.75.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, December 14th. This is an increase from Utah Medical Products’s previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. Utah Medical Products’s dividend payout ratio is 28.80%.

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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.

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

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