Chesapeake Capital Corp IL reduced its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 40.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,125 shares of the industrial products company's stock after selling 1,453 shares during the quarter. Chesapeake Capital Corp IL's holdings in UFP Technologies were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new position in shares of UFP Technologies in the 3rd quarter valued at about $202,000. KBC Group NV raised its holdings in UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company's stock valued at $86,000 after buying an additional 81 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in UFP Technologies during the third quarter valued at approximately $1,503,000. Advisors Asset Management Inc. grew its stake in UFP Technologies by 39.2% during the third quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company's stock worth $130,000 after buying an additional 116 shares during the period. Finally, Moran Wealth Management LLC increased its position in shares of UFP Technologies by 19.2% in the third quarter. Moran Wealth Management LLC now owns 2,908 shares of the industrial products company's stock worth $921,000 after acquiring an additional 468 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.
UFP Technologies Stock Down 6.5 %
Shares of UFPT stock traded down $13.77 during trading hours on Friday, reaching $198.85. The company had a trading volume of 175,222 shares, compared to its average volume of 74,937. The company has a market capitalization of $1.53 billion, a P/E ratio of 28.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a twelve month low of $198.10 and a twelve month high of $366.41. The stock's fifty day simple moving average is $246.91 and its 200 day simple moving average is $277.62.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The firm had revenue of $144.07 million during the quarter, compared to analysts' expectations of $141.67 million.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.
View Our Latest Analysis on UFPT
Insider Activity at UFP Technologies
In related news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction dated 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 transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.17% of the company's stock.
UFP Technologies Profile
(
Free Report)
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.
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