UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by HealthInvest Partners AB

HealthInvest Partners AB increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,159 shares of the industrial products company's stock after acquiring an additional 5,111 shares during the quarter. UFP Technologies makes up approximately 2.6% of HealthInvest Partners AB's holdings, making the stock its 14th biggest holding. HealthInvest Partners AB owned approximately 0.30% of UFP Technologies worth $5,663,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Navellier & Associates Inc. grew its holdings in UFP Technologies by 58.0% in the fourth quarter. Navellier & Associates Inc. now owns 9,186 shares of the industrial products company's stock valued at $2,246,000 after purchasing an additional 3,373 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of UFP Technologies during the 4th quarter valued at $538,000. New York State Common Retirement Fund raised its position in shares of UFP Technologies by 16.7% in the 4th quarter. New York State Common Retirement Fund now owns 68,500 shares of the industrial products company's stock worth $16,749,000 after buying an additional 9,804 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of UFP Technologies in the 4th quarter worth $74,000. Finally, Truist Financial Corp acquired a new position in UFP Technologies in the fourth quarter valued at $401,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

UFP Technologies Stock Down 5.4 %

UFPT stock traded down $13.62 during mid-day trading on Monday, hitting $240.94. 160,549 shares of the company were exchanged, compared to its average volume of 97,107. The company has a market capitalization of $1.85 billion, a PE ratio of 34.37 and a beta of 1.04. The firm has a fifty day simple moving average of $257.78 and a 200 day simple moving average of $291.72. 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 $188.50 and a twelve month high of $366.41.

UFP Technologies Company 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.