Bridge City Capital LLC Raises Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Bridge City Capital LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 29.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,453 shares of the industrial products company's stock after purchasing an additional 3,281 shares during the period. Bridge City Capital LLC owned approximately 0.19% of UFP Technologies worth $3,534,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Wasatch Advisors LP grew its holdings in shares of UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company's stock worth $133,188,000 after buying an additional 166,262 shares during the last quarter. State Street Corp lifted its position in UFP Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock worth $89,772,000 after acquiring an additional 4,007 shares during the period. Congress Asset Management Co. grew its stake in shares of UFP Technologies by 14.2% in the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock valued at $68,787,000 after purchasing an additional 35,022 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of UFP Technologies by 2.0% in the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company's stock valued at $54,799,000 after purchasing an additional 3,333 shares during the period. Finally, Boston Trust Walden Corp purchased a new stake in shares of UFP Technologies during the fourth quarter worth approximately $26,395,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

UFP Technologies Stock Performance

NASDAQ:UFPT traded down $0.30 during mid-day trading on Thursday, reaching $203.23. The stock had a trading volume of 51,402 shares, compared to its average volume of 74,722. UFP Technologies, Inc. has a twelve month low of $198.10 and a twelve month high of $366.41. The business has a 50 day simple moving average of $243.26 and a 200 day simple moving average of $274.64. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 28.99 and a beta of 1.15. 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 (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 1,785 shares in the company, 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 can be accessed through this link. 6.17% of the stock is owned by corporate insiders.

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.