Applied Fundamental Research LLC Trims Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Applied Fundamental Research LLC lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,825 shares of the industrial products company's stock after selling 7,647 shares during the period. UFP Technologies accounts for approximately 11.4% of Applied Fundamental Research LLC's portfolio, making the stock its 2nd biggest holding. Applied Fundamental Research LLC owned 0.77% of UFP Technologies worth $15,522,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in UFP Technologies by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,004 shares of the industrial products company's stock valued at $10,151,000 after acquiring an additional 1,934 shares during the last quarter. Principal Securities Inc. acquired a new position in UFP Technologies in the fourth quarter valued at $28,000. Congress Wealth Management LLC DE increased its stake in UFP Technologies by 2.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 10,777 shares of the industrial products company's stock valued at $1,854,000 after purchasing an additional 248 shares during the last quarter. Alberta Investment Management Corp purchased a new position in UFP Technologies during the fourth quarter worth about $1,245,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in UFP Technologies by 35.4% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 8,806 shares of the industrial products company's stock worth $1,515,000 after buying an additional 2,302 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Trading Down 2.9 %

Shares of NASDAQ UFPT traded down $10.30 during trading on Monday, hitting $348.12. 36,314 shares of the company traded hands, compared to its average volume of 59,095. The firm has a market capitalization of $2.67 billion, a P/E ratio of 55.97 and a beta of 0.94. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $322.89 and a 200-day moving average price of $274.67. UFP Technologies, Inc. has a 1 year low of $127.29 and a 1 year high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. The company had revenue of $110.18 million for 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 news, CEO R Jeffrey Bailly sold 20,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $311.90, for a total value of $6,238,000.00. Following the completion of the sale, the chief executive officer now owns 114,857 shares of the company's stock, valued at $35,823,898.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO R Jeffrey Bailly sold 20,000 shares of the company's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $311.90, for a total value of $6,238,000.00. Following the completion of the transaction, the chief executive officer now directly owns 114,857 shares in the company, valued at $35,823,898.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ronald J. Lataille sold 11,466 shares of the firm's stock in a transaction on 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 sale, the chief financial officer now directly owns 46,130 shares of the company's stock, valued at $13,915,114.50. The disclosure for this sale can be found here. Insiders sold 68,134 shares of company stock valued at $21,494,247 over the last 90 days. Corporate insiders own 6.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.