Navellier & Associates Inc. Has $2.25 Million Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Navellier & Associates Inc. raised its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 58.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,186 shares of the industrial products company's stock after purchasing an additional 3,373 shares during the period. Navellier & Associates Inc. owned 0.12% of UFP Technologies worth $2,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KBC Group NV boosted its holdings in UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company's stock valued at $86,000 after acquiring an additional 81 shares during the last quarter. Arete Wealth Advisors LLC lifted its position in shares of UFP Technologies by 10.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company's stock worth $287,000 after purchasing an additional 89 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of UFP Technologies by 39.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company's stock valued at $130,000 after purchasing an additional 116 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of UFP Technologies by 97.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company's stock worth $86,000 after buying an additional 133 shares during the period. Finally, Peterson Wealth Services raised its stake in UFP Technologies by 4.1% during the fourth quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company's stock worth $1,002,000 after buying an additional 163 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd.

UFP Technologies Trading Down 2.7 %

Shares of UFP Technologies stock traded down $6.75 on Monday, reaching $247.81. 61,435 shares of the company's stock were exchanged, compared to its average volume of 94,058. The firm's 50-day moving average is $257.90 and its two-hundred day moving average is $292.21. The company has a market capitalization of $1.90 billion, a P/E ratio of 35.07 and a beta of 1.04. 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, Inc. has a 52 week low of $188.50 and a 52 week high of $366.41.

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.