Martingale Asset Management L P Has $318,000 Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Martingale Asset Management L P lessened its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 34.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,300 shares of the industrial products company’s stock after selling 680 shares during the quarter. Martingale Asset Management L P’s holdings in UFP Technologies were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in UFPT. AlphaQuest LLC acquired a new stake in UFP Technologies during the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC bought a new stake in shares of UFP Technologies during the 4th quarter valued at $74,000. EverSource Wealth Advisors LLC grew its holdings in shares of UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 66 shares in the last quarter. KBC Group NV increased its position in shares of UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 103 shares during the period. Finally, Principal Securities Inc. raised its stake in UFP Technologies by 110.4% in the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 233 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

Insider Transactions at UFP Technologies

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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 6.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on UFPT. StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Raymond James began coverage on shares of UFP Technologies in a research note on Friday, March 28th. They issued a “market perform” rating on the stock.

UFP Technologies Stock Performance

UFP Technologies stock 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 stock 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 12-month low of $178.26 and a 12-month high of $366.41. The business’s 50-day moving average price is $224.95 and its two-hundred day moving average price is $262.89.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. The company had revenue of $144.07 million for the quarter, compared to analyst estimates 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.