Dark Forest Capital Management LP Buys 2,569 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Dark Forest Capital Management LP grew its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 337.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,331 shares of the industrial products company's stock after purchasing an additional 2,569 shares during the quarter. Dark Forest Capital Management LP's holdings in UFP Technologies were worth $814,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. MML Investors Services LLC bought a new position in UFP Technologies during the 3rd quarter worth $219,000. Barclays PLC grew its stake in shares of UFP Technologies by 390.6% in the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company's stock valued at $4,098,000 after acquiring an additional 10,300 shares in the last quarter. World Investment Advisors LLC bought a new position in UFP Technologies during the third quarter worth about $792,000. Tidal Investments LLC raised its stake in UFP Technologies by 28.4% in the 3rd quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company's stock worth $1,133,000 after purchasing an additional 792 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in UFP Technologies by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company's stock valued at $28,904,000 after purchasing an additional 26,001 shares during the period. Institutional investors own 87.28% of the company's stock.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies 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 $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 is available at this link. 6.17% of the stock is owned by insiders.

UFP Technologies Price Performance

UFP Technologies stock traded up $3.00 during trading hours on Monday, reaching $209.80. 146,228 shares of the stock were exchanged, compared to its average volume of 80,232. The stock has a 50 day moving average of $213.99 and a two-hundred day moving average of $256.42. The company has a market cap of $1.61 billion, a P/E ratio of 29.93 and a beta of 1.08. 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 twelve month low of $178.26 and a twelve month high of $366.41.

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. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million for the quarter, compared to analysts' expectations of $141.67 million.

Wall Street Analyst Weigh In

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

UFP Technologies 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.