UFP Technologies, Inc. $UFPT Stake Increased by De Lisle Partners LLP

De Lisle Partners LLP raised its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,602 shares of the industrial products company’s stock after buying an additional 1,800 shares during the quarter. UFP Technologies comprises 2.8% of De Lisle Partners LLP’s portfolio, making the stock its 5th largest holding. De Lisle Partners LLP owned approximately 1.06% of UFP Technologies worth $19,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of UFPT. Nisa Investment Advisors LLC boosted its position in shares of UFP Technologies by 290.3% in the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 90 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of UFP Technologies by 179.0% in the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock worth $42,000 after buying an additional 111 shares during the period. GAMMA Investing LLC raised its stake in shares of UFP Technologies by 37.6% during the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 50 shares during the last quarter. State of Wyoming increased its holdings in UFP Technologies by 34.7% during the 1st 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. Finally, Jones Financial Companies Lllp bought a new position in UFP Technologies during the 1st quarter valued at approximately $172,000. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UFPT has been the subject of several research reports. Lake Street Capital increased their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $226.61 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $1.75 billion, a PE ratio of 26.26 and a beta of 1.16. The firm’s 50 day moving average price is $207.95 and its 200-day moving average price is $221.56. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $327.68.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results 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.

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,829 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $227.20, for a total value of $415,548.80. Following the completion of the sale, the senior vice president directly owned 10,756 shares in the company, valued at $2,443,763.20. This represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.40% of the stock is currently owned by insiders.

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.