UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 31.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,101 shares of the industrial products company's stock after selling 15,142 shares during the period. Russell Investments Group Ltd. owned 0.43% of UFP Technologies worth $8,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC purchased a new stake in shares of UFP Technologies during the fourth quarter worth about $25,000. Venturi Wealth Management LLC purchased a new stake in UFP Technologies during the 4th quarter worth approximately $74,000. EverSource Wealth Advisors LLC increased its stake in UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 66 shares in the last quarter. KBC Group NV raised its holdings in shares of UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock worth $92,000 after buying an additional 103 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of UFP Technologies by 110.4% during the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company's stock valued at $109,000 after buying an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of UFP Technologies stock traded down $3.97 during trading on Tuesday, hitting $204.46. 89,039 shares of the company's stock were exchanged, compared to its average volume of 78,645. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.17 and a beta of 1.08. The business has a 50-day simple moving average of $223.42 and a 200-day simple moving average of $262.09.

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

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares of the company's stock, valued at approximately $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd. Raymond James began coverage on UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating for the company.

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.