1,230 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,230 shares of the industrial products company’s stock, valued at approximately $212,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. purchased a new stake in UFP Technologies during the third quarter worth approximately $48,000. DekaBank Deutsche Girozentrale purchased a new stake in UFP Technologies during the third quarter worth approximately $87,000. CreativeOne Wealth LLC purchased a new stake in UFP Technologies during the third quarter worth approximately $215,000. EMC Capital Management lifted its stake in UFP Technologies by 51.3% during the third quarter. EMC Capital Management now owns 1,557 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 528 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new stake in UFP Technologies during the third quarter worth approximately $274,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Up 0.1 %

NASDAQ:UFPT opened at $213.33 on Wednesday. The firm has a market cap of $1.63 billion, a P/E ratio of 36.47 and a beta of 0.83. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $219.68 and its 200-day simple moving average is $183.74. UFP Technologies, Inc. has a 12-month low of $127.29 and a 12-month high of $257.29.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The business had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. Equities analysts anticipate that UFP Technologies, Inc. will post 6.19 EPS for the current year.

Insider Activity

In other news, CEO R Jeffrey Bailly sold 27,090 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO R Jeffrey Bailly sold 27,090 shares of UFP Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Steve Cardin sold 311 shares of UFP Technologies stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the sale, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,125 shares of company stock valued at $6,511,420. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. KeyCorp assumed coverage on UFP Technologies in a research report on Tuesday, February 6th. They set a “sector weight” rating on the stock. CJS Securities assumed coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price target on the stock. Finally, StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

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.