Yorktown Management & Research Co Inc Cuts Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Yorktown Management & Research Co Inc reduced its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 33.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550 shares of the industrial products company’s stock after selling 790 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in UFP Technologies were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of UFP Technologies by 25.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,033 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 212 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of UFP Technologies by 98.4% during the first quarter. Boston Trust Walden Corp now owns 214,147 shares of the industrial products company’s stock valued at $43,196,000 after purchasing an additional 106,197 shares in the last quarter. Mountain Pacific Investment Advisers LLC lifted its holdings in shares of UFP Technologies by 1.4% during the first quarter. Mountain Pacific Investment Advisers LLC now owns 94,578 shares of the industrial products company’s stock valued at $19,077,000 after purchasing an additional 1,262 shares in the last quarter. SG Americas Securities LLC lifted its holdings in UFP Technologies by 80.2% in the first quarter. SG Americas Securities LLC now owns 4,001 shares of the industrial products company’s stock valued at $807,000 after acquiring an additional 1,781 shares during the period. Finally, Bridge City Capital LLC lifted its holdings in UFP Technologies by 72.2% in the first quarter. Bridge City Capital LLC now owns 24,889 shares of the industrial products company’s stock valued at $5,020,000 after acquiring an additional 10,436 shares during the period. 87.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Lake Street Capital set a $252.00 target price on UFP Technologies and gave the company a “buy” rating in a report on Wednesday, May 7th. Raymond James Financial assumed coverage on UFP Technologies in a report on Friday, March 28th. They issued a “market perform” rating on the stock.

UFP Technologies Stock Down 0.7%

NASDAQ UFPT opened at $233.14 on Tuesday. The stock’s 50-day moving average price is $227.90 and its 200-day moving average price is $235.94. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.47. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The company has a market capitalization of $1.80 billion, a P/E ratio of 28.54 and a beta of 1.12.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%. The firm had revenue of $148.15 million for the quarter, compared to the consensus estimate of $139.93 million.

Insider Buying and Selling

In related news, SVP Christopher P. Litterio sold 1,473 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the sale, the senior vice president now owns 12,585 shares in the company, valued at approximately $2,770,210.20. This trade represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by company insiders.

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.