Trexquant Investment LP Purchases New Shares in UFP Technologies, Inc. (NASDAQ:UFPT)

Trexquant Investment LP purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,220 shares of the industrial products company's stock, valued at approximately $298,000.

A number of other large investors also recently modified their holdings of UFPT. Boston Trust Walden Corp bought a new position in UFP Technologies in the fourth quarter valued at about $26,395,000. Raymond James Financial Inc. bought a new position in UFP Technologies in the 4th quarter valued at approximately $16,808,000. Franklin Resources Inc. boosted its position in UFP Technologies by 48.1% during the 4th quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock worth $33,338,000 after buying an additional 44,292 shares during the period. Congress Asset Management Co. grew its holdings in UFP Technologies by 14.2% during the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock worth $68,787,000 after acquiring an additional 35,022 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in UFP Technologies by 340.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock valued at $9,610,000 after acquiring an additional 30,372 shares during the period. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Trading Down 1.9 %

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

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UFPT. Raymond James initiated coverage on UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating for the company. StockNews.com cut UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd.

Insiders Place Their Bets

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business's 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.17% of the company's stock.

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.