Navellier & Associates Inc. Purchases 3,373 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Navellier & Associates Inc. boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 58.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,186 shares of the industrial products company’s stock after purchasing an additional 3,373 shares during the quarter. Navellier & Associates Inc. owned approximately 0.12% of UFP Technologies worth $2,246,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in UFP Technologies in the third quarter worth $56,000. Venturi Wealth Management LLC bought a new position in UFP Technologies in the fourth quarter worth $74,000. KBC Group NV raised its holdings in 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 purchasing an additional 81 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings 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 worth $86,000 after purchasing an additional 133 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in UFP Technologies by 110.4% in the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $254.56 on Friday. UFP Technologies, Inc. has a 1-year low of $188.50 and a 1-year high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The business has a fifty day moving average price of $257.90 and a 200-day moving average price of $292.38. The company has a market capitalization of $1.95 billion, a PE ratio of 36.31 and a beta of 1.04.

Wall Street Analyst Weigh In

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

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.