Vanguard Group Inc. Raises Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Vanguard Group Inc. boosted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 3.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 557,479 shares of the industrial products company’s stock after buying an additional 17,356 shares during the period. Vanguard Group Inc. owned about 0.07% of UFP Technologies worth $136,309,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bridge City Capital LLC increased its position in shares of UFP Technologies by 29.4% during the fourth quarter. Bridge City Capital LLC now owns 14,453 shares of the industrial products company’s stock worth $3,534,000 after purchasing an additional 3,281 shares in the last quarter. LPL Financial LLC grew its holdings in shares of UFP Technologies by 26.2% during the fourth quarter. LPL Financial LLC now owns 9,151 shares of the industrial products company’s stock worth $2,329,000 after buying an additional 1,898 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of UFP Technologies in the fourth quarter valued at about $367,000. Quantbot Technologies LP lifted its stake in shares of UFP Technologies by 2,028.5% in the fourth quarter. Quantbot Technologies LP now owns 2,916 shares of the industrial products company’s stock worth $713,000 after buying an additional 2,779 shares in the last quarter. Finally, Summit Global Investments acquired a new position in UFP Technologies during the fourth quarter worth about $247,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UFPT. StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Raymond James started coverage on UFP Technologies in a research report on Friday, March 28th. They issued a “market perform” rating for the company.

UFP Technologies Stock Up 5.4 %

NASDAQ UFPT opened at $196.99 on Tuesday. The business’s fifty day simple moving average is $233.33 and its 200-day simple moving average is $268.02. 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 firm has a market cap of $1.51 billion, a PE ratio of 28.10 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 issued its 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. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The company had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm’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 sale, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.17% of the stock is currently owned by insiders.

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.