Bridge City Capital LLC Acquires 3,281 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Bridge City Capital LLC increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 29.4% in the fourth quarter, HoldingsChannel reports. The firm owned 14,453 shares of the industrial products company’s stock after purchasing an additional 3,281 shares during the period. Bridge City Capital LLC’s holdings in UFP Technologies were worth $3,534,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of UFP Technologies during the 4th quarter valued at about $25,000. Truvestments Capital LLC acquired a new position in UFP Technologies during the third quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 valued at $86,000 after purchasing an additional 133 shares during the period. KBC Group NV lifted its stake in shares of 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 buying an additional 81 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of UFP Technologies during the 4th quarter worth $74,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Stock Down 6.5 %

Shares of UFPT opened at $198.85 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a 50-day simple moving average of $246.91 and a 200-day simple moving average of $277.62. UFP Technologies, Inc. has a 52 week low of $198.10 and a 52 week high of $366.41. The firm has a market capitalization of $1.53 billion, a P/E ratio of 28.37 and a beta of 1.15.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. The company had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.17% of the stock is owned by company insiders.

UFP Technologies Company 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.