Los Angeles Capital Management LLC Acquires 70 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Los Angeles Capital Management LLC increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 5,870 shares of the industrial products company’s stock after purchasing an additional 70 shares during the period. Los Angeles Capital Management LLC’s holdings in UFP Technologies were worth $1,435,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in UFP Technologies in the third quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in UFP Technologies by 97.1% in 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 in the last quarter. KBC Group NV boosted its holdings in UFP Technologies by 42.4% in 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 in the last quarter. Venturi Wealth Management LLC bought a new stake in UFP Technologies in the fourth quarter worth $74,000. Finally, Advisors Asset Management Inc. boosted its holdings in UFP Technologies by 39.2% in 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 in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

UFP Technologies Stock Down 1.9 %

UFPT stock opened at $227.59 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 52-week low of $188.50 and a 52-week high of $366.41. The company has a 50-day moving average of $257.59 and a two-hundred day moving average of $290.60. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 32.47 and a beta of 1.04.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $141.67 million.

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.