Ballast Asset Management LP Has $1.47 Million Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Ballast Asset Management LP lessened its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 41.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,012 shares of the industrial products company's stock after selling 4,310 shares during the quarter. Ballast Asset Management LP owned 0.08% of UFP Technologies worth $1,470,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UFPT. AlphaQuest LLC acquired a new position in UFP Technologies in the 4th quarter worth $25,000. Venturi Wealth Management LLC bought a new stake in shares of UFP Technologies in the fourth quarter valued at about $74,000. EverSource Wealth Advisors LLC boosted its position in shares of UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after buying an additional 66 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of UFP Technologies by 97.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company's stock worth $86,000 after buying an additional 133 shares in the last quarter. Finally, KBC Group NV raised its position in 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 buying an additional 103 shares during the last quarter. Institutional investors own 87.28% of the company's stock.

Analyst Upgrades and Downgrades

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

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Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now owns 1,785 shares in the company, valued at $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 at this link. Company insiders own 6.17% of the company's stock.

UFP Technologies Price Performance

UFPT traded down $6.79 on Friday, hitting $186.83. 204,364 shares of the stock were exchanged, compared to its average volume of 76,827. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 12 month low of $181.28 and a 12 month high of $366.41. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 26.65 and a beta of 1.15. The business has a 50-day moving average of $235.04 and a two-hundred day moving average of $269.61.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced 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 business had revenue of $144.07 million for the quarter, compared to analysts' expectations of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

UFP Technologies Company 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.