8,568 Shares in UFP Technologies, Inc. $UFPT Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, HoldingsChannel.com reports. The fund purchased 8,568 shares of the industrial products company’s stock, valued at approximately $2,272,000.

A number of other hedge funds also recently made changes to their positions in the stock. Rice Hall James & Associates LLC purchased a new position in shares of UFP Technologies in the 2nd quarter worth $9,023,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in UFP Technologies during the second quarter valued at about $14,629,000. Global Retirement Partners LLC acquired a new stake in UFP Technologies during the second quarter worth about $366,000. Bank of New York Mellon Corp acquired a new stake in UFP Technologies during the second quarter worth about $11,322,000. Finally, GSA Capital Partners LLP purchased a new position in shares of UFP Technologies in the 2nd quarter worth about $517,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

UFPT has been the topic of several research analyst reports. Wall Street Zen raised UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold”.

UFP Technologies Trading Down 1.5%

UFPT opened at $299.95 on Friday. The firm’s 50 day moving average is $274.01 and its 200-day moving average is $235.74. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.32 billion, a P/E ratio of 32.32 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.61. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The business had revenue of $173.96 million during the quarter, compared to analyst estimates of $159.38 million. Analysts expect that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Insider Activity

In related news, Director Symeria Hudson sold 1,926 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $324.58, for a total value of $625,141.08. Following the transaction, the director owned 1,225 shares in the company, valued at approximately $397,610.50. The trade was a 61.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marc D. Kozin sold 7,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total value of $2,131,500.00. Following the completion of the transaction, the director directly owned 21,112 shares of the company’s stock, valued at $6,428,604. This represents a 24.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,119 shares of company stock valued at $8,460,232. Corporate insiders own 4.59% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.