Morgan Dempsey Capital Management LLC Purchases 396 Shares of UFP Technologies, Inc. $UFPT

Morgan Dempsey Capital Management LLC raised its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 41.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,344 shares of the industrial products company’s stock after acquiring an additional 396 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in UFP Technologies were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. boosted its holdings in UFP Technologies by 5.8% during the second quarter. Congress Asset Management Co. now owns 327,433 shares of the industrial products company’s stock valued at $79,946,000 after acquiring an additional 18,038 shares during the period. American Century Companies Inc. boosted its holdings in UFP Technologies by 1,858.2% during the first quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company’s stock valued at $58,010,000 after acquiring an additional 272,902 shares during the period. Boston Trust Walden Corp boosted its holdings in UFP Technologies by 19.3% during the second quarter. Boston Trust Walden Corp now owns 255,377 shares of the industrial products company’s stock valued at $62,353,000 after acquiring an additional 41,230 shares during the period. Invesco Ltd. boosted its holdings in UFP Technologies by 1.9% during the first quarter. Invesco Ltd. now owns 178,174 shares of the industrial products company’s stock valued at $35,939,000 after acquiring an additional 3,313 shares during the period. Finally, Swedbank AB boosted its holdings in UFP Technologies by 18.5% during the second quarter. Swedbank AB now owns 160,000 shares of the industrial products company’s stock valued at $39,066,000 after acquiring an additional 25,000 shares during the period. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Up 1.3%

NASDAQ UFPT opened at $195.57 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. The firm has a 50-day simple moving average of $205.09 and a 200 day simple moving average of $220.34. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $354.22. The stock has a market cap of $1.51 billion, a PE ratio of 22.66 and a beta of 1.19.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The business had revenue of $96.97 million during the quarter.

Analyst Ratings Changes

A number of research firms have issued reports on UFPT. Lake Street Capital upped their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, UFP Technologies presently has an average rating of “Hold” and an average target price of $289.00.

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.