First National Advisers LLC Invests $571,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

First National Advisers LLC purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,337 shares of the industrial products company's stock, valued at approximately $571,000.

A number of other hedge funds also recently bought and sold shares of UFPT. AlphaQuest LLC acquired a new stake in UFP Technologies in the fourth quarter valued at $25,000. Truvestments Capital LLC acquired a new stake in shares of UFP Technologies during the 3rd quarter worth about $56,000. Venturi Wealth Management LLC acquired a new stake in shares of UFP Technologies during the 4th quarter worth about $74,000. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 66 shares during the last quarter. Finally, KBC Group NV boosted 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 purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.17% of the stock is owned by insiders.

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UFP Technologies Stock Performance

Shares of UFP Technologies stock traded down $2.07 on Thursday, hitting $212.62. The stock had a trading volume of 75,819 shares, compared to its average volume of 74,806. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 30.33 and a beta of 1.15. 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 52-week low of $200.15 and a 52-week high of $366.41. The company's 50 day moving average price is $248.54 and its 200 day moving average price is $279.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.45. The company had revenue of $144.07 million during the quarter, compared to analysts' expectations of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd.

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.