Venturi Wealth Management LLC Makes New $74,000 Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

Venturi Wealth Management LLC purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 303 shares of the industrial products company’s stock, valued at approximately $74,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. KBC Group NV increased its stake in UFP Technologies by 42.4% during the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 81 shares during the period. Arete Wealth Advisors LLC increased its stake in UFP Technologies by 10.9% during the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 89 shares during the period. Advisors Asset Management Inc. increased its stake in UFP Technologies by 39.2% during the third quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 116 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in UFP Technologies by 97.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 133 shares during the period. Finally, Peterson Wealth Services increased its stake in UFP Technologies by 4.1% during the fourth quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company’s stock worth $1,002,000 after purchasing an additional 163 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Stock Down 5.4 %

UFPT stock opened at $240.94 on Tuesday. The company’s 50 day moving average price is $257.78 and its 200 day moving average price is $291.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a fifty-two week low of $188.50 and a fifty-two week high of $366.41. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 34.37 and a beta of 1.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.