UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP raised its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 37.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 576,691 shares of the industrial products company’s stock after buying an additional 156,142 shares during the period. Wasatch Advisors LP owned approximately 0.08% of UFP Technologies worth $141,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in shares of UFP Technologies in the fourth quarter worth $25,000. Venturi Wealth Management LLC acquired a new position in UFP Technologies during the 4th quarter worth $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 worth $81,000 after purchasing an additional 66 shares during the last quarter. KBC Group NV raised its stake 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 purchasing an additional 103 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of UFP Technologies by 110.4% during 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 during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Trading Down 1.9 %

UFP Technologies stock opened at $204.46 on Wednesday. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41. The firm’s 50-day moving average is $221.91 and its 200-day moving average is $261.69. 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 market cap of $1.57 billion, a P/E ratio of 29.17 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating 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%.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value 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. This trade represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on UFPT. Raymond James assumed coverage on UFP Technologies in a report on Friday, March 28th. They issued a “market perform” rating for the company. StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

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.