Quantbot Technologies LP Purchases 2,779 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Quantbot Technologies LP raised its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 2,028.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,916 shares of the industrial products company's stock after purchasing an additional 2,779 shares during the period. Quantbot Technologies LP's holdings in UFP Technologies were worth $713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UFPT. AlphaQuest LLC bought a new stake in UFP Technologies during the fourth quarter valued at $25,000. Truvestments Capital LLC acquired a new position in shares of UFP Technologies in the 3rd quarter valued at about $56,000. Point72 Asia Singapore Pte. Ltd. grew its stake in 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 purchasing an additional 133 shares during the period. Venturi Wealth Management LLC acquired a new stake in UFP Technologies during the fourth quarter worth approximately $74,000. Finally, EverSource Wealth Advisors LLC increased its holdings in UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UFPT shares. Raymond James assumed coverage on shares of UFP Technologies in a research note on Friday. They issued a "market perform" rating for the company. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.

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UFP Technologies Stock Down 1.9 %

Shares of NASDAQ UFPT traded down $3.91 during midday trading on Friday, hitting $199.32. 91,985 shares of the stock traded hands, compared to its average volume of 75,454. 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 one year low of $198.10 and a one year high of $366.41. The business has a 50 day moving average price of $241.95 and a two-hundred day moving average price of $273.47. The company has a market cap of $1.53 billion, a PE ratio of 28.43 and a beta of 1.15.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million.

Insider Buying and Selling

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.17% of the stock is currently owned by company insiders.

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.