Integrated Quantitative Investments LLC Invests $1.27 Million in UFP Technologies, Inc. (NASDAQ:UFPT)

Integrated Quantitative Investments LLC acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,211 shares of the industrial products company's stock, valued at approximately $1,274,000. Integrated Quantitative Investments LLC owned about 0.07% of UFP Technologies at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UFPT. Vanguard Group Inc. raised its position in shares of UFP Technologies by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock worth $136,309,000 after buying an additional 17,356 shares during the period. State Street Corp lifted its position in UFP Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock worth $89,772,000 after acquiring an additional 4,007 shares in the last quarter. Congress Asset Management Co. grew its position in UFP Technologies by 14.2% in the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock valued at $68,787,000 after acquiring an additional 35,022 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of UFP Technologies by 2.0% during the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company's stock valued at $54,799,000 after purchasing an additional 3,333 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of UFP Technologies by 48.1% during the fourth quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock worth $33,338,000 after purchasing an additional 44,292 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

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Insiders Place Their Bets

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Raymond James started coverage on UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating on the stock. StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT traded up $11.24 during trading on Wednesday, hitting $204.45. 44,712 shares of the company traded hands, compared to its average volume of 111,547. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.16 and a beta of 1.08. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The business's fifty day moving average is $230.20 and its 200-day moving average is $266.34.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.45. The company had revenue of $144.07 million for 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%.

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.