Moran Wealth Management LLC Purchases 299 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Moran Wealth Management LLC grew its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,207 shares of the industrial products company’s stock after purchasing an additional 299 shares during the period. Moran Wealth Management LLC’s holdings in UFP Technologies were worth $784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UFPT. AlphaQuest LLC bought a new stake in UFP Technologies in the 4th quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of UFP Technologies in the third quarter valued at approximately $56,000. Venturi Wealth Management LLC bought a new stake in shares of UFP Technologies in the fourth quarter worth $74,000. KBC Group NV boosted its holdings in UFP Technologies by 42.4% during the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 81 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in 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 in the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction dated 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 completion of the transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.17% of the stock is owned by company insiders.

Analyst Ratings Changes

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

UFP Technologies Stock Down 2.1 %

NASDAQ:UFPT opened at $214.47 on Wednesday. UFP Technologies, Inc. has a twelve month low of $188.50 and a twelve month high of $366.41. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.59 and a beta of 1.15. 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’s 50 day moving average price is $252.54 and its two-hundred day moving average price is $284.26.

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

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.