Trexquant Investment LP Purchases Shares of 1,220 UFP Technologies, Inc. (NASDAQ:UFPT)

Trexquant Investment LP acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,220 shares of the industrial products company’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in UFP Technologies by 54.6% during the third quarter. FMR LLC now owns 1,178 shares of the industrial products company’s stock valued at $373,000 after buying an additional 416 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of UFP Technologies by 19.6% during the 3rd quarter. Stifel Financial Corp now owns 2,878 shares of the industrial products company’s stock worth $911,000 after acquiring an additional 471 shares in the last quarter. State Street Corp boosted its position in shares of UFP Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company’s stock valued at $89,772,000 after acquiring an additional 4,007 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of UFP Technologies by 32.2% in the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after purchasing an additional 2,822 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in UFP Technologies during the third quarter valued at $219,000. Institutional investors own 87.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James started coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a “market perform” rating on the stock. StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

Insider Activity

In related news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.17% of the company’s stock.

UFP Technologies Stock Up 1.9 %

Shares of UFPT opened at $209.42 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $224.95 and a 200 day moving average of $262.89. The company has a market cap of $1.61 billion, a PE ratio of 29.87 and a beta of 1.08. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. The firm had revenue of $144.07 million during the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

UFP Technologies Profile

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.