Nebula Research & Development LLC Takes Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Nebula Research & Development LLC acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,896 shares of the industrial products company’s stock, valued at approximately $464,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UFPT. AlphaQuest LLC purchased a new stake in shares of UFP Technologies during the 4th quarter valued at $25,000. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at $74,000. EverSource Wealth Advisors LLC increased its position in shares of UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 66 shares during the period. KBC Group NV increased its position in shares of UFP Technologies by 37.9% in the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 103 shares during the period. Finally, Principal Securities Inc. increased its position in shares of UFP Technologies by 110.4% in the 4th quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 233 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of UFPT opened at $211.60 on Wednesday. The business’s 50-day moving average is $211.87 and its two-hundred day moving average is $255.40. The company has a market capitalization of $1.63 billion, a P/E ratio of 30.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $366.41.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.45. The company had revenue of $144.07 million for 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%.

Insiders Place Their Bets

In other news, Director Daniel C. Croteau sold 6,846 shares of the firm’s 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 sale, the director now directly owns 1,785 shares in the company, valued at $407,711.85. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UFPT. StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Raymond James began coverage on UFP Technologies in a research report on Friday, March 28th. They issued a “market perform” rating on the stock.

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.