EFG Asset Management North America Corp. Increases Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

EFG Asset Management North America Corp. raised its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 58.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,537 shares of the industrial products company's stock after purchasing an additional 3,155 shares during the period. EFG Asset Management North America Corp. owned 0.11% of UFP Technologies worth $2,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in UFP Technologies by 144.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company's stock worth $5,136,000 after buying an additional 9,593 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of UFP Technologies by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company's stock worth $21,250,000 after purchasing an additional 2,842 shares in the last quarter. Intech Investment Management LLC acquired a new position in UFP Technologies in the 3rd quarter valued at $1,176,000. Principal Financial Group Inc. lifted its holdings in UFP Technologies by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock valued at $9,562,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in UFP Technologies by 32.2% during the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock worth $3,668,000 after purchasing an additional 2,822 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd. Raymond James began coverage on shares of UFP Technologies in a report on Friday. They issued a "market perform" rating for the company.

UFP Technologies Trading Down 1.9 %

NASDAQ:UFPT traded down $3.91 during trading hours on Friday, hitting $199.32. The company had a trading volume of 91,985 shares, compared to its average volume of 75,454. 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 1 year low of $198.10 and a 1 year high of $366.41. The company has a 50-day moving average of $241.95 and a 200 day moving average of $273.64. The company has a market cap of $1.53 billion, a P/E ratio of 28.43 and a beta of 1.15.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 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 firm had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million.

Insider Buying and Selling

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.17% of the stock is currently owned by company insiders.

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.