Cynosure Group LLC Has $1.18 Million Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Cynosure Group LLC lifted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 133.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,822 shares of the industrial products company's stock after acquiring an additional 2,757 shares during the quarter. Cynosure Group LLC owned 0.06% of UFP Technologies worth $1,179,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UFPT. AlphaQuest LLC bought a new position in UFP Technologies during the fourth quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. raised its stake in 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 acquiring an additional 133 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies during the fourth quarter valued at $74,000. EverSource Wealth Advisors LLC increased its position in UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 66 shares during the period. Finally, KBC Group NV boosted its holdings in shares of UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Price Performance

NASDAQ UFPT traded up $7.87 during trading hours on Monday, reaching $194.70. 64,867 shares of the company's stock were exchanged, compared to its average volume of 76,783. The firm has a fifty day moving average of $235.04 and a 200-day moving average of $269.13. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a one year low of $178.50 and a one year high of $366.41. The stock has a market cap of $1.50 billion, a PE ratio of 27.77 and a beta of 1.08.

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UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $141.67 million.

Insider Activity at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the sale, the director now directly owns 1,785 shares of the company's stock, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on UFPT. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd. Raymond James began coverage on shares of UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating on the stock.

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.