11,299 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Purchased by Jump Financial LLC

Jump Financial LLC acquired a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,299 shares of the industrial products company's stock, valued at approximately $2,763,000. Jump Financial LLC owned 0.15% of UFP Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in UFPT. FMR LLC increased its stake in shares of UFP Technologies by 54.6% in the third quarter. FMR LLC now owns 1,178 shares of the industrial products company's stock worth $373,000 after purchasing an additional 416 shares during the period. Stifel Financial Corp grew its position in UFP Technologies by 19.6% during the third quarter. Stifel Financial Corp now owns 2,878 shares of the industrial products company's stock worth $911,000 after buying an additional 471 shares in the last quarter. Jane Street Group LLC grew its position in UFP Technologies by 32.2% during the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock worth $3,668,000 after buying an additional 2,822 shares in the last quarter. MML Investors Services LLC acquired a new stake in UFP Technologies during the third quarter worth about $219,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in UFP Technologies during the third quarter worth about $262,000. 87.28% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. 6.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UFPT. StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd. Raymond James began coverage on UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating on the stock.

UFP Technologies Price Performance

UFP Technologies stock traded up $9.10 during mid-day trading on Wednesday, hitting $214.91. 37,798 shares of the company were exchanged, compared to its average volume of 78,884. The company has a market capitalization of $1.65 billion, a PE ratio of 30.66 and a beta of 1.08. The business has a fifty day moving average of $217.00 and a 200 day moving average of $258.43. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (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 analysts' expectations of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

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.