UFP Technologies, Inc. (NASDAQ:UFPT) Position Lifted by Wasatch Advisors LP

Wasatch Advisors LP boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 576,691 shares of the industrial products company's stock after buying an additional 156,142 shares during the period. Wasatch Advisors LP owned 7.52% of UFP Technologies worth $141,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new position in UFP Technologies during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC acquired a new stake in UFP Technologies during the fourth quarter valued at $74,000. EverSource Wealth Advisors LLC raised its holdings in UFP Technologies by 24.7% in the 4th 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 during the period. KBC Group NV grew its stake in UFP Technologies by 37.9% in the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 103 shares during the period. Finally, Principal Securities Inc. lifted its stake in UFP Technologies by 110.4% in the 4th 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 in the last quarter. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of UFP Technologies stock traded up $5.61 during trading on Friday, reaching $211.06. The company's stock had a trading volume of 69,414 shares, compared to its average volume of 78,977. The firm has a market cap of $1.62 billion, a PE ratio of 30.11 and a beta of 1.08. The company has a 50-day moving average price of $218.76 and a two-hundred day moving average price of $259.90. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $366.41.

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 news, Director Daniel C. Croteau sold 6,846 shares of the 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 $407,711.85. This represents a 79.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.17% of the company's stock.

Wall Street Analyst Weigh In

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

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.