Handelsbanken Fonder AB Invests $538,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

Handelsbanken Fonder AB acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,200 shares of the industrial products company's stock, valued at approximately $538,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV lifted its holdings in shares of UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company's stock worth $86,000 after acquiring an additional 81 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in UFP Technologies by 10.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 89 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in UFP Technologies by 39.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company's stock valued at $130,000 after purchasing an additional 116 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in UFP Technologies by 97.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company's stock valued at $86,000 after buying an additional 133 shares in the last quarter. Finally, Peterson Wealth Services grew its stake in shares of UFP Technologies by 4.1% during the fourth quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company's stock worth $1,002,000 after buying an additional 163 shares during the last quarter. Institutional investors own 87.28% of the company's stock.

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UFP Technologies Trading Up 1.2 %

Shares of UFP Technologies stock traded up $2.49 on Wednesday, hitting $215.37. The stock had a trading volume of 95,091 shares, compared to its average volume of 108,709. The stock has a 50 day moving average of $254.82 and a 200 day moving average of $287.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a twelve month low of $188.50 and a twelve month high of $366.41. The firm has a market capitalization of $1.65 billion, a P/E ratio of 30.72 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the company's 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.17% of the stock is owned by corporate insiders.

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.