Y Intercept Hong Kong Ltd Invests $953,000 in UFP Technologies, Inc. $UFPT

Y Intercept Hong Kong Ltd bought a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 4,921 shares of the industrial products company’s stock, valued at approximately $953,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of UFP Technologies by 60.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock worth $37,115,000 after acquiring an additional 62,472 shares during the last quarter. UBS Group AG increased its holdings in shares of UFP Technologies by 22.4% in the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock valued at $42,053,000 after purchasing an additional 34,715 shares in the last quarter. Congress Asset Management Co. raised its position in UFP Technologies by 32.4% in the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after purchasing an additional 107,908 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in UFP Technologies by 3.5% during the 4th quarter. Annex Advisory Services LLC now owns 126,884 shares of the industrial products company’s stock worth $28,172,000 after buying an additional 4,271 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in UFP Technologies by 36.3% in the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock valued at $61,385,000 after buying an additional 84,396 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insiders Place Their Bets

In other news, Director Cynthia L. Feldmann sold 1,200 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the transaction, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the transaction, the director owned 855 shares in the company, valued at $189,562.05. This represents a 77.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.59% of the stock is currently owned by insiders.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $236.91 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 26.89 and a beta of 1.07. The company has a 50 day moving average of $233.89 and a 200-day moving average of $227.57. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $279.49.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.30. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The business had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same period in the prior year, the business posted $2.47 earnings per share. UFP Technologies’s revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts forecast that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.