Annex Advisory Services LLC Increases Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Annex Advisory Services LLC boosted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,868 shares of the industrial products company's stock after buying an additional 2,142 shares during the period. Annex Advisory Services LLC owned approximately 0.60% of UFP Technologies worth $14,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UFPT. Arizona State Retirement System lifted its position in UFP Technologies by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,032 shares of the industrial products company's stock worth $536,000 after buying an additional 38 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its holdings in shares of UFP Technologies by 2.9% during the second quarter. Morgan Dempsey Capital Management LLC now owns 1,459 shares of the industrial products company's stock valued at $385,000 after purchasing an additional 41 shares in the last quarter. Millington Financial Advisors LLC boosted its holdings in shares of UFP Technologies by 0.4% during the 2nd quarter. Millington Financial Advisors LLC now owns 12,737 shares of the industrial products company's stock valued at $3,361,000 after acquiring an additional 51 shares during the last quarter. GAMMA Investing LLC boosted its holdings in UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of UFP Technologies by 1.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,948 shares of the industrial products company's stock worth $1,569,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Price Performance

Shares of UFPT stock traded up $7.93 during mid-day trading on Friday, hitting $312.76. The company had a trading volume of 42,789 shares, compared to its average volume of 62,854. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63. The company has a market capitalization of $2.40 billion, a P/E ratio of 48.72 and a beta of 0.93. The stock's 50 day moving average price is $319.27 and its 200-day moving average price is $283.50. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week 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. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%. The business had revenue of $110.18 million during the quarter.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CFO Ronald J. Lataille sold 1,598 shares of UFP Technologies stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $319.37, for a total transaction of $510,353.26. Following the completion of the sale, the chief financial officer now owns 57,596 shares in the company, valued at $18,394,434.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO R Jeffrey Bailly sold 1,083 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $310.36, for a total transaction of $336,119.88. Following the sale, the chief executive officer now owns 139,341 shares of the company's stock, valued at $43,245,872.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ronald J. Lataille sold 1,598 shares of UFP Technologies 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 completion of the transaction, the chief financial officer now directly owns 57,596 shares in the company, valued at approximately $18,394,434.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,134 shares of company stock valued at $21,494,247. 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.