EVR Research LP Invests $4.40 Million in UFP Technologies, Inc. (NASDAQ:UFPT)

EVR Research LP acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 18,000 shares of the industrial products company's stock, valued at approximately $4,401,000. UFP Technologies accounts for approximately 1.5% of EVR Research LP's investment portfolio, making the stock its 21st biggest holding. EVR Research LP owned 0.23% of UFP Technologies as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arete Wealth Advisors LLC grew its position in shares of UFP Technologies by 5.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company's stock valued at $233,000 after purchasing an additional 49 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in UFP Technologies by 1.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company's stock worth $1,041,000 after buying an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in 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 in the last quarter. Anchor Capital Advisors LLC increased its stake in UFP Technologies by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company's stock worth $1,108,000 after acquiring an additional 69 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of UFP Technologies by 1.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company's stock valued at $1,435,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

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Wall Street Analysts Forecast Growth

UFPT has been the topic of several research analyst reports. Raymond James assumed coverage on shares of UFP Technologies in a research report on Friday, March 28th. They issued a "market perform" rating on the stock. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.

UFP Technologies Price Performance

UFPT stock traded down $3.97 during mid-day trading on Tuesday, hitting $204.46. 89,039 shares of the stock were exchanged, compared to its average volume of 78,645. The business has a fifty day moving average price of $223.42 and a 200 day moving average price of $262.09. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.17 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its 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 company had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

Insider Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 1,785 shares of the company's stock, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.17% of the stock is owned by corporate 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.