Oak Ridge Investments LLC Buys Shares of 5,626 UFP Technologies, Inc. (NASDAQ:UFPT)

Oak Ridge Investments LLC purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,626 shares of the industrial products company's stock, valued at approximately $1,782,000. Oak Ridge Investments LLC owned 0.07% of UFP Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in UFP Technologies by 5.2% during the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company's stock worth $91,835,000 after buying an additional 26,269 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of UFP Technologies during the 1st quarter worth about $448,000. Price T Rowe Associates Inc. MD raised its position in UFP Technologies by 2,331.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company's stock valued at $10,879,000 after purchasing an additional 41,360 shares during the period. SG Americas Securities LLC increased its stake in UFP Technologies by 489.8% during the first quarter. SG Americas Securities LLC now owns 4,158 shares of the industrial products company's stock worth $1,049,000 after purchasing an additional 3,453 shares during the period. Finally, Sei Investments Co. grew its stake in shares of UFP Technologies by 171.8% in the first quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company's stock worth $1,217,000 after acquiring an additional 3,051 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 1,083 shares of UFP Technologies stock in a transaction on Monday, August 12th. The stock was sold at an average price of $310.36, for a total value of $336,119.88. Following the transaction, the chief executive officer now directly owns 139,341 shares in the company, valued at $43,245,872.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Ronald J. Lataille sold 4,798 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $330.44, for a total value of $1,585,451.12. Following the completion of the sale, the chief financial officer now directly owns 41,332 shares of the company's stock, valued at approximately $13,657,746.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R Jeffrey Bailly sold 1,083 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $310.36, for a total value of $336,119.88. Following the completion of the sale, the chief executive officer now owns 139,341 shares of the company's stock, valued at $43,245,872.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,536 shares of company stock worth $20,983,894 in the last ninety days. 6.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

UFP Technologies Stock Up 2.1 %

NASDAQ UFPT traded up $5.65 during trading hours on Friday, hitting $272.65. The company had a trading volume of 54,115 shares, compared to its average volume of 59,635. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63. UFP Technologies, Inc. has a fifty-two week low of $131.88 and a fifty-two week high of $366.41. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 41.59 and a beta of 0.93. The firm's 50 day moving average is $312.31 and its 200 day moving average is $287.54.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. The company 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%.

About UFP Technologies

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.