R Squared Ltd Acquires New Position in UFP Technologies, Inc. $UFPT

R Squared Ltd acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,348 shares of the industrial products company’s stock, valued at approximately $329,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of UFP Technologies by 37.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 50 shares during the period. State of Wyoming grew its holdings in shares of UFP Technologies by 34.7% in the first quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 94 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of UFP Technologies in the first quarter valued at about $172,000. Sowell Financial Services LLC acquired a new position in UFP Technologies in the second quarter valued at about $213,000. Finally, CreativeOne Wealth LLC acquired a new position in UFP Technologies in the first quarter valued at about $203,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Up 0.4%

Shares of UFPT opened at $200.99 on Friday. The company’s 50-day simple moving average is $203.15 and its 200-day simple moving average is $220.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $354.22. The stock has a market capitalization of $1.55 billion, a PE ratio of 23.29 and a beta of 1.19.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 EPS for the quarter. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The business had revenue of $96.97 million during the quarter.

Analysts Set New Price Targets

A number of research analysts have commented on UFPT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research report on Friday. Lake Street Capital upped their target price on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, UFP Technologies presently has a consensus rating of “Hold” and an average price target of $289.00.

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.