UFP Technologies, Inc. (NASDAQ:UFPT) is AltraVue Capital LLC's 7th Largest Position

AltraVue Capital LLC trimmed its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,721 shares of the industrial products company's stock after selling 8,335 shares during the quarter. UFP Technologies makes up 4.8% of AltraVue Capital LLC's investment portfolio, making the stock its 7th largest position. AltraVue Capital LLC owned approximately 2.41% of UFP Technologies worth $48,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in UFP Technologies during the 2nd quarter worth $214,000. Massachusetts Financial Services Co. MA increased its position in UFP Technologies by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company's stock worth $27,737,000 after buying an additional 2,699 shares during the period. Inspire Advisors LLC lifted its stake in UFP Technologies by 40.1% in the second quarter. Inspire Advisors LLC now owns 1,844 shares of the industrial products company's stock valued at $487,000 after buying an additional 528 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of UFP Technologies by 94.6% in the second quarter. Envestnet Asset Management Inc. now owns 12,401 shares of the industrial products company's stock valued at $3,272,000 after acquiring an additional 6,027 shares during the period. Finally, American Century Companies Inc. grew its position in shares of UFP Technologies by 16.7% during the second quarter. American Century Companies Inc. now owns 9,212 shares of the industrial products company's stock worth $2,431,000 after acquiring an additional 1,320 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th.

UFP Technologies Stock Performance

UFP Technologies stock traded up $16.88 during mid-day trading on Thursday, reaching $354.86. 38,286 shares of the company were exchanged, compared to its average volume of 58,921. The firm's 50-day simple moving average is $320.02 and its two-hundred day simple moving average is $271.15. UFP Technologies, Inc. has a twelve month low of $127.29 and a twelve month high of $355.82. The firm has a market cap of $2.72 billion, a PE ratio of 54.34 and a beta of 0.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 3.13.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. The firm had revenue of $110.18 million during the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%.

Insider Transactions at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 1,598 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $319.37, for a total transaction of $510,353.26. Following the transaction, the chief financial officer now owns 57,596 shares in the company, valued at approximately $18,394,434.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Ronald J. Lataille sold 1,598 shares of the company's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $319.37, for a total transaction of $510,353.26. Following the transaction, the chief financial officer now directly owns 57,596 shares of the company's stock, valued at approximately $18,394,434.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ronald J. Lataille sold 11,466 shares of the firm's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the sale, the chief financial officer now owns 46,130 shares of the company's stock, valued at approximately $13,915,114.50. The disclosure for this sale can be found here. Insiders have sold a total of 68,134 shares of company stock worth $21,494,247 over the last ninety days. 6.17% of the stock is currently owned by company insiders.

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.