Mesirow Financial Investment Management Inc. lifted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 102.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,170 shares of the industrial products company's stock after acquiring an additional 1,603 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in UFP Technologies were worth $775,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in shares of UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company's stock worth $133,188,000 after purchasing an additional 166,262 shares in the last quarter. Boston Trust Walden Corp purchased a new position in shares of UFP Technologies during the fourth quarter worth approximately $26,395,000. Raymond James Financial Inc. purchased a new stake in shares of UFP Technologies during the fourth quarter worth approximately $16,808,000. Congress Asset Management Co. lifted its holdings in shares of UFP Technologies by 14.2% during the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock worth $68,787,000 after purchasing an additional 35,022 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in UFP Technologies by 340.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock valued at $9,610,000 after buying an additional 30,372 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd.
Get Our Latest Analysis on UFP Technologies
UFP Technologies Price Performance
NASDAQ:UFPT traded down $4.68 during trading hours on Tuesday, hitting $214.47. The company's stock had a trading volume of 92,326 shares, compared to its average volume of 109,570. The company has a market capitalization of $1.65 billion, a PE ratio of 30.59 and a beta of 1.15. UFP Technologies, Inc. has a 52-week low of $188.50 and a 52-week high of $366.41. The business's 50-day moving average is $252.54 and its two-hundred day moving average is $284.26. 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 (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.
Insider Activity
In other news, Director Daniel C. Croteau sold 6,846 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were 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 $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 is available at this hyperlink. Company insiders own 6.17% of the company's stock.
About UFP Technologies
(
Free Report)
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.
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